MITTAGONG ranks 485th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 1.93% for the past year is lower than average compared to its 71.93% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in MITTAGONG, the median home price is sitting at $713,500, and the average rent at $500, this suggests property owners could potentially earn a 3.64% increase in gross rental yield.
Property investors have seen a -4.87% drop in MITTAGONG based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.48% growth over a ten-year period. It ranks 1412th on our list of suburbs that property investors should look into.
A 31.91% increase in median property prices in MITTAGONG, 2575 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 9th.
A steady increase in median property prices over a five-year period in MITTAGONG, 2575 translates to a 10.91% capital gain.
MITTAGONG, 2575 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $620,000.
Augmented property values in MITTAGONG are trailing above the NSW average of 4.18% for the past year.
Real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
Home owners selling their properties and realtors in MITTAGONG usually have to wait an average of 0.0 days days before their assets are lifted off the market.
MITTAGONG ranks 533rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.1% return.
MITTAGONG, 2575 places 1st in Australia based on median property value growth during the quarter.