Homeowners and real estate investors betting on MURWILLUMBAH, 2484 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 12.15%.
A steady increase in median property prices over a five-year period in the suburb translates to a 33.33% capital gain.
Property investors in MURWILLUMBAH enjoyed capital gains of 12.15% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $480,000.
Profits due to an upward trend in home prices there averaged 11.11% per annum over a 3-year period.
Home owners selling their properties and realtors in MURWILLUMBAH usually have to wait an average of 75.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $430 mark, reflecting a 4.66% increase in returns based on the current median price in MURWILLUMBAH.
MURWILLUMBAH, 2484 places 395th in Australia based on median property value growth during the quarter.
Property investors in MURWILLUMBAH enjoyed capital gains of 16.52% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MURWILLUMBAH are low, as opposed to average gains per annum over the past five years.
MURWILLUMBAH posted a 79.01% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $357.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $357.5 mark, reflecting a 5.7% increase in returns based on the current median price in MURWILLUMBAH.
MURWILLUMBAH, 2484 ranks 65th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
MURWILLUMBAH ranks 44th on the list of best yielding suburbs for rental properties in NSW, posting a 5.7% return.
great article Cate Bakos!
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