TURA BEACH, 2548 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 TURA BEACH, 2548 values up and netting property investors a capital gain of 10.1% for the past year.
Investors saw the median home price rise to $545,000.
Profits due to an upward trend in home prices in the suburb averaged 8.55% per annum over a 3-year period.
TURA BEACH now ranks at the th 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 TURA BEACH 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 $400 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 TURA BEACH, homes and units usually stay on listing for an average of 102.1 days.
In 2016, 106 properties were sold in TURA BEACH during the past year, making it the 1417th most active market in NSW based on total real estate transactions.
TURA BEACH ranks 470th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
TURA BEACH, 2548 has a capital gain of 11.99% for the past year, which is higher than average compared to its 38.64% growth within a five-year period.
TURA BEACH, 2548 ranks 371st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.99% for property investors last year.
With the median home price in TURA BEACH sitting at $383,000, and the average rent at $345, property owners could potentially earn a 4.68% increase in gross rental yield.
Property investors have seen a 6.69% gain in TURA BEACH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on TURA BEACH, 2548 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.99%.
A survey of average capital gains or median home price increase in suburbs across the country shows that TURA BEACH, 2548 obtained a 3.17% growth over a ten-year period. It ranks 967th on our list of suburbs that property investors should look into.