Homeowners and real estate investors betting on TWEED HEADS, 2485 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.24%.
A steady increase in median property prices over a five-year period in the suburb translates to a 34.23% capital gain.
Property investors in TWEED HEADS enjoyed capital gains of 10.24% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $700,000.
Profits due to an upward trend in home prices there averaged 11.41% per annum over a 3-year period.
Home owners selling their properties and realtors in TWEED HEADS usually have to wait an average of 56.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $570 mark, reflecting a 4.23% increase in returns based on the current median price in TWEED HEADS.
TWEED HEADS, 2485 places 327th in Australia based on median property value growth during the quarter.
Property investors in TWEED HEADS enjoyed capital gains of 7.27% 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 TWEED HEADS are low, as opposed to average gains per annum over the past five years.
TWEED HEADS posted a 27.01% 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 $400 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.78% increase in returns based on the current median price in TWEED HEADS.
TWEED HEADS, 2485 ranks 144th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
TWEED HEADS ranks 30th on the list of best yielding suburbs for rental properties in NSW, posting a 4.78% return.
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