EAST LISMORE, 2480 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 EAST LISMORE, 2480 values up and netting property investors a capital gain of 15.23% for the past year.
Investors saw the median home price rise to $368,750.
Profits due to an upward trend in home prices in the suburb averaged 4.49% per annum over a 3-year period.
EAST LISMORE now ranks at the 160th 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 EAST LISMORE 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 $370 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 EAST LISMORE, homes and units usually stay on listing for an average of 85.4 days.
In 2016, 117 properties were sold in EAST LISMORE during the past year, making it the 1320th most active market in NSW based on total real estate transactions.
EAST LISMORE ranks 250th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
With the median home price in EAST LISMORE sitting at $220,000, and the average rent at $252.5, property owners could potentially earn a 5.97% increase in gross rental yield.
Property investors have seen a -3.3% drop in EAST LISMORE based on a decrease 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 EAST LISMORE, 2480 obtained a 12.34% growth over a ten-year period. It ranks 1229th on our list of suburbs that property investors should look into.