Property investments in WAUCHOPE did not fare well against the rest of the country last year, registering a median home price decrease of 11.87%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WAUCHOPE, 2446 saw average growth in the long term.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 68.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $419,500.
WAUCHOPE ranks 204th on the list of best yielding suburbs for rental properties in NSW, posting a 4.71% return.
Profits due to an upward trend in home prices in WAUCHOPE, 2446 averaged 18.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 5% increase in returns based on the current median price in WAUCHOPE.
An average of 1.92 real estate transactions take place per month in WAUCHOPE which translates to 23 per annum.
23 properties were sold in WAUCHOPE during the past year, making it the 320th most active market in NSW based on total real estate transactions.
WAUCHOPE, 2446 places 497th in Australia based on median property value growth during the quarter.
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