The impact of the economy on housing: State-by-state
The correlation between state and territory economies and local property values cannot be underestimated, so what economic headwinds (and t...
Property investors enjoyed capital gains of 6.76% over the last 12 months in TOORMINA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.75% growth over a ten-year period. It ranks 1755th on our list of suburbs that property investors should look into.
TOORMINA, 2452 has a capital gain of 6.76% for the past year, which is lower than average compared to its 35.45% growth within a five-year period.
With the median home price in TOORMINA sitting at $453,750, and the average rent at $410, property owners could potentially earn a 4.7% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TOORMINA are low, as opposed to average gains per annum over the past five years.
TOORMINA, 2452 in NSW belongs to the local government area of Coffs Harbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $453,750 | $314,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.36% | -4.7% |
| Median 12 month | 6.76% | 2.23% |
| Median 3 years | 18.01% | 8.45% |
| Median 5 years | 35.45% | 39.16% |
| 10 years average annual | 4.75% | 3.44% |
| Weekly media advert. rent | $410 | $300 |
| Time on Market | 75.5 days | 103.7 days |
| Gross Rental Yield Percent | 4.7% | 4.96% |
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