Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
WALLAGA LAKE, 2546 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 WALLAGA LAKE, 2546 values up and netting property investors a capital gain of 24.55% for the past year.
Investors saw the median home price rise to $685,000.
Profits due to an upward trend in home prices in the suburb averaged 15.46% per annum over a 3-year period.
WALLAGA LAKE now ranks at the 27th 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 WALLAGA LAKE 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 WALLAGA LAKE, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 10 properties were sold in WALLAGA LAKE during the past year, making it the 1579th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.55%||N/A|
|Median 3 years||46.37%||N/A|
|Median 5 years||95.71%||N/A|
|10 years average annual||9.61%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|