Telegraph Point

TELEGRAPH POINT, 2441 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling TELEGRAPH POINT, 2441 values up and netting property investors a capital gain of 23.42% for the past year.

Investors saw the median home price rise to $830,000.

Profits due to an upward trend in home prices in the suburb averaged 1.69% per annum over a 3-year period.

TELEGRAPH POINT now ranks at the th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

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 N/A.

In 2016, 11 properties were sold in TELEGRAPH POINT during the past year, making it the 1372nd most active market in NSW based on total real estate transactions.