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 6.98% for the past year.
Investors saw the median home price rise to $628,500.
Profits due to an upward trend in home prices in the suburb averaged 4.41% per annum over a 3-year period.
EAST LISMORE now ranks at the 852nd 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 $610 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 74.5 days.
In 2016, 135 properties were sold in EAST LISMORE during the past year, making it the 1206th most active market in NSW based on total real estate transactions.
EAST LISMORE ranks 544th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
EAST LISMORE, 2480 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.
With the median home price in EAST LISMORE sitting at $377,000, and the average rent at $390, property owners could potentially earn a 5.38% increase in gross rental yield.
Property investors have seen a -5.51% 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 -11.29% decrease over a ten-year period. It ranks 1985th on our list of suburbs that property investors should look into.