TOWRADGI, 2518 ranks 2896th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 4.45% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,350,000.
The upward trend in home prices in TOWRADGI, 2518 averaged 2.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $760 mark, reflecting a 2.93% increase in returns based on the current median price in TOWRADGI.
An average of 2.92 real estate transactions take place per month in TOWRADGI which translates to 35 per annum.
35 properties were sold in TOWRADGI in 2016, making it the 600th most active market in NSW based on total real estate transactions.
TOWRADGI, 2518 places 211th in Australia based on median property value growth during the quarter.
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 $1,187,500.
Average median unit prices in NSW have risen as a whole, pulling TOWRADGI, 2518 values up and netting property investors a capital gain of 42.22% for the past year.
Investors saw the median home price rise to $1,187,500.
The upward trend in home prices in TOWRADGI, 2518 averaged 0% per annum over a 3-year period.
TOWRADGI now ranks at the 128th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TOWRADGI are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In TOWRADGI, homes and units usually stay on listing for an average of N/A.
12 properties were sold in TOWRADGI in 2016, making it the 583rd most active market in NSW based on total real estate transactions.