Property investments in PRIMBEE fare well against the rest of the country last year, registering a median home price increase of 10.57%.
Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 60.8 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $680,000.
PRIMBEE ranks 618th on the list of best yielding suburbs for rental properties in NSW, posting a 3.44% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.57%||N/A|
|Median 3 years||64.85%||N/A|
|Median 5 years||130.51%||N/A|
|10 years average annual||8.56%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||60.8 days||N/A|
|Gross Rental Yield Percent||3.44%||N/A|