Property investors have seen a -0.66% drop in OLD BAR based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OLD BAR, 2430 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $451,000
Profits averaged 9.74% per annum over a 3-year period, due to an upward trend in home prices in OLD BAR, 2430.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in OLD BAR, 2430 is 4.38%.
An average of 9 real estate transactions take place per month in OLD BAR which translates to 108 per annum.
Property investments in OLD BAR fare well against the rest of the country last year, registering a median home price increase of 15.09%.
Figures from the previous quarter show that capital gains for real estate buyers in OLD BAR are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $285 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In OLD BAR, homes and units usually stay on listing for an average of 63.7 days.
the NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $328,000
Investors saw the median home price rise to $328,000.
OLD BAR ranks 134th on the list of best yielding suburbs for rental properties in NSW, posting a 4.52% return.
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