What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Property investors enjoyed capital gains of 10.07% over the last 12 months in RUSSELL VALE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.04% growth over a ten-year period. It ranks 157th on our list of suburbs that property investors should look into.
RUSSELL VALE, 2517 has a capital gain of 10.07% for the past year, which is lower than average compared to its 81.08% growth within a five-year period.
With the median home price in RUSSELL VALE sitting at $842,000, and the average rent at $540, property owners could potentially earn a 3.33% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RUSSELL VALE are low, as opposed to average gains per annum over the past five years.
RUSSELL VALE, 2517 in NSW belongs to the local government area of Wollongong (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $842,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 10.07% | N/A |
| Median 3 years | 29.54% | N/A |
| Median 5 years | 81.08% | N/A |
| 10 years average annual | 9.04% | N/A |
| Weekly media advert. rent | $540 | N/A |
| Time on Market | 38.0 days | N/A |
| Gross Rental Yield Percent | 3.33% | N/A |
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