FISHERMANS PARADISE, 2539 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 FISHERMANS PARADISE, 2539 values up and netting property investors a capital gain of 46.2% for the past year.
Investors saw the median home price rise to $519,000.
Profits due to an upward trend in home prices in the suburb averaged 35.87% per annum over a 3-year period.
FISHERMANS PARADISE now ranks at the 13th 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 FISHERMANS PARADISE are high, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FISHERMANS PARADISE, homes and units usually stay on listing for an average of 56.8 days.
In 2016, 14 properties were sold in FISHERMANS PARADISE during the past year, making it the 1143rd most active market in NSW based on total real estate transactions.
great article Cate Bakos!
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