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 11.68% 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 1059th 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 $480 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 69.3 days.
In 2016, 47 properties were sold in ILUKA during the past year, making it the 408th most active market in NSW based on total real estate transactions.
ILUKA ranks 195th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
With the median home price in ILUKA sitting at $307,500, and the average rent at $375, property owners could potentially earn a 6.34% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that ILUKA, 2466 obtained a -3.21% decrease over a ten-year period. It ranks 1641st on our list of suburbs that property investors should look into.