MORUYA HEADS, 2537 ranks 100th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.33% 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 $485,000.
The upward trend in home prices in MORUYA HEADS, 2537 averaged 10.96% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MORUYA HEADS.
An average of 2.92 real estate transactions take place per month in MORUYA HEADS which translates to 35 per annum.
35 properties were sold in MORUYA HEADS in 2016, making it the 581st most active market in NSW based on total real estate transactions.
MORUYA HEADS, 2537 places 653rd in Australia based on median property value growth during the quarter.
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 $269,000.
Average median unit prices in NSW have risen as a whole, pulling MORUYA HEADS, 2537 values up and netting property investors a capital gain of 17.47% for the past year.
Investors saw the median home price rise to $269,000.
MORUYA HEADS now ranks at the 258th place on a list of fastest growing suburbs in the territory.
It is expected for properties to spend some time on the market prior to a successful sale. In MORUYA HEADS, homes and units usually stay on listing for an average of 0.0 days.
13 properties were sold in MORUYA HEADS in 2016, making it the 522nd most active market in NSW based on total real estate transactions.
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