Grasmere

GRASMERE, 2570 delivered a stronger 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 GRASMERE, 2570 values up and netting property investors a capital gain of 14.7% for the past year.

Investors saw the median home price rise to $1,635,000.

Profits due to an downward trend in home prices in the suburb averaged -2.46% per annum over a 3-year period.

GRASMERE now ranks at the 466th 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 GRASMERE 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 GRASMERE, homes and units usually stay on listing for an average of 74.9 days.

In 2016, 23 properties were sold in GRASMERE during the past year, making it the 859th most active market in NSW based on total real estate transactions.