WARILLA, 2528 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling WARILLA, 2528 values up and netting property investors a capital gain of 14.4% for the past year.
Investors saw the median home price rise to $560,000.
Profits due to an upward trend in home prices in the suburb averaged 14.9% per annum over a 3-year period.
WARILLA now ranks at the 201st 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 WARILLA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $430 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WARILLA, homes and units usually stay on listing for an average of 40.0 days.
In 2016, 58 properties were sold in WARILLA during the past year, making it the 281st most active market in NSW based on total real estate transactions.
WARILLA ranks 92nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
WARILLA, 2528 has a capital gain of 8.17% for the past year, which is lower than average compared to its 89.81% growth within a five-year period.
With the median home price in WARILLA sitting at $503,000, and the average rent at $380, property owners could potentially earn a 3.93% increase in gross rental yield.
Property investors have seen a 4.79% gain in WARILLA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WARILLA, 2528 obtained a 5.45% growth over a ten-year period. It ranks 615th on our list of suburbs that property investors should look into.