BROULEE, 2537 ranks 1467th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.5% 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 $542,500.
The upward trend in home prices in BROULEE, 2537 averaged 9.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 6.71% increase in returns based on the current median price in BROULEE.
An average of 3 real estate transactions take place per month in BROULEE which translates to 36 per annum.
36 properties were sold in BROULEE in 2016, making it the 564th most active market in NSW based on total real estate transactions.
BROULEE, 2537 places 620th 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 $530,000.
Investors saw the median home price rise to $530,000.
The upward trend in home prices in BROULEE, 2537 averaged 25.95% per annum over a 3-year period.
BROULEE now ranks at the 510th place on a list of fastest growing suburbs in the territory.
Real estate investors could earn a rental income of $900 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 BROULEE, homes and units usually stay on listing for an average of 0.0 days.
12 properties were sold in BROULEE in 2016, making it the 538th most active market in NSW based on total real estate transactions.
great article Cate Bakos!
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