Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,285,000.
The upward trend in home prices in SAWTELL, 2452 averaged 3.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $715 mark, reflecting a 2.89% increase in returns based on the current median price in SAWTELL.
An average of 4.42 real estate transactions take place per month in SAWTELL which translates to 53 per annum.
53 properties were sold in SAWTELL in 2016, making it the 338th most active market in NSW based on total real estate transactions.
SAWTELL, 2452 places 251st in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $742,500.
Investors saw the median home price rise to $742,500.
The upward trend in home prices in SAWTELL, 2452 averaged 1.28% per annum over a 3-year period.
SAWTELL now ranks at the 378th 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 SAWTELL are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $500 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 SAWTELL, homes and units usually stay on listing for an average of 128.2 days.
26 properties were sold in SAWTELL in 2016, making it the 300th most active market in NSW based on total real estate transactions.