PICTON, 2571 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 PICTON, 2571 values up and netting property investors a capital gain of 4.11% for the past year.
Investors saw the median home price rise to $760,000.
Profits due to an upward trend in home prices in the suburb averaged 11.11% per annum over a 3-year period.
PICTON 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 PICTON 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 $480 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 PICTON, homes and units usually stay on listing for an average of 66.9 days.
In 2016, 93 properties were sold in PICTON during the past year, making it the 29th most active market in NSW based on total real estate transactions.
PICTON ranks 27th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
PICTON, 2571 has a capital gain of 17.89% for the past year, which is higher than average compared to its 51.86% growth within a five-year period.
PICTON, 2571 ranks 190th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.89% for property investors last year.
With the median home price in PICTON sitting at $448,000, and the average rent at $380, property owners could potentially earn a 4.41% increase in gross rental yield.
Property investors have seen a 9.27% gain in PICTON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PICTON, 2571 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 17.89%.
A survey of average capital gains or median home price increase in suburbs across the country shows that PICTON, 2571 obtained a 8.07% growth over a ten-year period. It ranks 136th on our list of suburbs that property investors should look into.