UNANDERRA, 2526 ranks 3173rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.15% 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 $900,000.
The upward trend in home prices in UNANDERRA, 2526 averaged 2.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $680 mark, reflecting a 3.93% increase in returns based on the current median price in UNANDERRA.
An average of 6.58 real estate transactions take place per month in UNANDERRA which translates to 79 per annum.
79 properties were sold in UNANDERRA in 2016, making it the 109th most active market in NSW based on total real estate transactions.
UNANDERRA, 2526 places 542nd 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 $749,000.
Investors saw the median home price rise to $749,000.
The upward trend in home prices in UNANDERRA, 2526 averaged 0% per annum over a 3-year period.
UNANDERRA now ranks at the 47th 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 UNANDERRA 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 UNANDERRA, homes and units usually stay on listing for an average of 68.9 days.
17 properties were sold in UNANDERRA in 2016, making it the 444th most active market in NSW based on total real estate transactions.