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 11.46% for the past year.
Investors saw the median home price rise to $535,000.
Profits due to an upward trend in home prices in the suburb averaged 12.75% per annum over a 3-year period.
WARILLA now ranks at the 361st 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 48.4 days.
In 2016, 63 properties were sold in WARILLA during the past year, making it the 231st most active market in NSW based on total real estate transactions.
WARILLA ranks 63rd 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 19.4% for the past year, which is higher than average compared to its 79.44% growth within a five-year period.
WARILLA, 2528 ranks 181st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.4% for property investors last year.
With the median home price in WARILLA sitting at $480,000, and the average rent at $380, property owners could potentially earn a 4.12% increase in gross rental yield.
Property investors have seen a 2.13% gain in WARILLA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WARILLA, 2528 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 19.4%.
A survey of average capital gains or median home price increase in suburbs across the country shows that WARILLA, 2528 obtained a 4.82% growth over a ten-year period. It ranks 726th on our list of suburbs that property investors should look into.