Homeowners and real estate investors betting on SANCTUARY POINT, 2540 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.76%.
A steady increase in median property prices over a five-year period in the suburb translates to a 49.57% capital gain.
Property investors in SANCTUARY POINT enjoyed capital gains of 13.76% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $430,000.
Profits due to an upward trend in home prices there averaged 16.52% per annum over a 3-year period.
Home owners selling their properties and realtors in SANCTUARY POINT usually have to wait an average of 65.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.23% increase in returns based on the current median price in SANCTUARY POINT.
SANCTUARY POINT, 2540 places 370th in Australia based on median property value growth during the quarter.
Property investors in SANCTUARY POINT enjoyed capital gains of 9.1% over the last 12 months translating to lower returns compared with its peers in the territory.
Real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $330 mark, reflecting a 4.92% increase in returns based on the current median price in SANCTUARY POINT.
SANCTUARY POINT, 2540 ranks 153rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
SANCTUARY POINT ranks 94th on the list of best yielding suburbs for rental properties in NSW, posting a 4.92% return.
great article Cate Bakos!
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