Capital cities to see busiest auction week since April
With over 1,500 homes scheduled to go under the hammer, the combined capital city auction market is set to see its busiest week since early ...
TUMBULGUM, 2490 ranks 2nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 48.4% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $650,000.
The upward trend in home prices in TUMBULGUM, 2490 averaged 11.34% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in TUMBULGUM.
An average of 1.42 real estate transactions take place per month in TUMBULGUM which translates to 17 per annum.
17 properties were sold in TUMBULGUM in 2016, making it the 993rd most active market in NSW based on total real estate transactions.
TUMBULGUM, 2490 places 226th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.35% | N/A |
| Median 12 month | 48.4% | N/A |
| Median 3 years | 34.02% | N/A |
| Median 5 years | 44.69% | N/A |
| 10 years average annual | 9.9% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 93.1 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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