ILUKA, 2466 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 ILUKA, 2466 values up and netting property investors a capital gain of 17.33% for the past year.
Investors saw the median home price rise to $440,000.
Profits due to an upward trend in home prices in the suburb averaged 8.57% per annum over a 3-year period.
ILUKA now ranks at the 646th 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 ILUKA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $430 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 ILUKA, homes and units usually stay on listing for an average of 86.7 days.
In 2016, 53 properties were sold in ILUKA during the past year, making it the 330th most active market in NSW based on total real estate transactions.
With the median home price in ILUKA sitting at $322,500, and the average rent at $370, property owners could potentially earn a 5.97% increase in gross rental yield.
Property investors have seen a 4.03% gain in ILUKA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that ILUKA, 2466 obtained a 6.25% growth over a ten-year period. It ranks 501st on our list of suburbs that property investors should look into.