SUSSEX INLET, 2540 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 SUSSEX INLET, 2540 values up and netting property investors a capital gain of 24.42% for the past year.
Investors saw the median home price rise to $535,000.
Profits due to an upward trend in home prices in the suburb averaged 17.62% per annum over a 3-year period.
SUSSEX INLET now ranks at the 65th 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 SUSSEX INLET are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $975 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUSSEX INLET, homes and units usually stay on listing for an average of 82.5 days.
In 2016, 102 properties were sold in SUSSEX INLET during the past year, making it the 1440th most active market in NSW based on total real estate transactions.
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