TELEGRAPH POINT, 2441 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 $349,000.
Profits due to an downward trend in home prices in the suburb averaged -1.72% per annum over a 3-year period.
TELEGRAPH POINT now ranks at the 1330th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TELEGRAPH POINT are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TELEGRAPH POINT, homes and units usually stay on listing for an average of 89.2 days.
In 2016, 11 properties were sold in TELEGRAPH POINT during the past year, making it the 1396th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-32.69%||N/A|
|Median 3 years||-5.16%||N/A|
|Median 5 years||-11.08%||N/A|
|10 years average annual||0.25%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||89.2 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|