MORUYA, 2537 ranks 100th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.53% 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 $437,000.
The upward trend in home prices in MORUYA, 2537 averaged 10.98% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 4.4% increase in returns based on the current median price in MORUYA.
An average of 7.08 real estate transactions take place per month in MORUYA which translates to 85 per annum.
85 properties were sold in MORUYA in 2016, making it the 76th most active market in NSW based on total real estate transactions.
MORUYA, 2537 places 170th in Australia based on median property value growth during the quarter.
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