Property investments in FAIRY MEADOW did not fare well against the rest of the country last year, registering a median home price decrease of 10.1%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains FAIRY MEADOW, 2519 saw average growth in the long term.
Real estate investors could earn a rental income of $520 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 47.0 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 $850,000.
FAIRY MEADOW ranks 734th on the list of best yielding suburbs for rental properties in NSW, posting a 3.18% return.
Profits due to an upward trend in home prices in FAIRY MEADOW, 2519 averaged 16.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.17% increase in returns based on the current median price in FAIRY MEADOW.
An average of 5.83 real estate transactions take place per month in FAIRY MEADOW which translates to 70 per annum.
70 properties were sold in FAIRY MEADOW during the past year, making it the 65th most active market in NSW based on total real estate transactions.
FAIRY MEADOW, 2519 places 469th in Australia based on median property value growth during the quarter.
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