Property investors enjoyed capital gains of 28.04% over the last 12 months in NARRAWALLEE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.03% growth over a ten-year period. It ranks 930th on our list of suburbs that property investors should look into.
NARRAWALLEE, 2539 has a capital gain of 28.04% for the past year, which is higher than average compared to its 91.07% growth within a five-year period.
With the median home price in NARRAWALLEE sitting at $685,000, and the average rent at $500, property owners could potentially earn a 3.8% increase in gross rental yield.
A 28.04% increase in median property prices in NARRAWALLEE, 2539 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 58th.
Figures from the previous quarter show that capital gains for real estate buyers in NARRAWALLEE are low, as opposed to average gains per annum over the past five years.
NARRAWALLEE, 2539 in NSW belongs to the local government area of Shoalhaven.