The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $617,500.
The upward trend in home prices in COLO VALE, 2575 averaged 26.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.79% increase in returns based on the current median price in COLO VALE.
An average of 2.42 real estate transactions take place per month in COLO VALE which translates to 29 per annum.
29 properties were sold in COLO VALE in 2016, making it the 686th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.27%||N/A|
|Median 3 years||78.99%||N/A|
|Median 5 years||91.18%||N/A|
|10 years average annual||7.2%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||45.1 days||N/A|
|Gross Rental Yield Percent||3.79%||N/A|