Based on its average 5-year and quarterly capital gains OAK FLATS, 2529 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that OAK FLATS, 2529 obtained a 7.05% growth over a ten-year period. It ranks 932nd on our list of suburbs that property investors should look into.
OAK FLATS, 2529 in NSW belongs to the local government area of Shellharbour.
OAK FLATS, 2529 has a capital gain of 8.56% for the past year, which is lower than average compared to its 75.48% growth within a five-year period.
With the median home price in OAK FLATS sitting at $640,500, and the average rent at $460, property owners could potentially earn a 3.73% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in OAK FLATS are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in OAK FLATS, 2529 translates to a 67.16% capital gain.
Property investors enjoyed capital gains of 7.69% over the last 12 months in OAK FLATS, translating to lower returns compared with its peers in NSW.
OAK FLATS, 2529 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 $560,000.
Profits due to an upward trend in home prices in OAK FLATS, 2529 averaged 22.39% per annum over a 3-year period.
Home owners selling their properties and realtors in OAK FLATS usually have to wait an average of 66.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $397.5 mark, reflecting a 3.69% increase in returns based on the current median price in OAK FLATS.
OAK FLATS, 2529 places 280th in Australia based on median property value growth during the quarter.