Homeowners and real estate investors betting on WELBY, 2575 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.9%.
Property investors in WELBY enjoyed capital gains of 14.9% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $632,500.
Profits due to an upward trend in home prices there averaged 24.08% per annum over a 3-year period.
Home owners selling their properties and realtors in WELBY usually have to wait an average of 99.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $490 mark, reflecting a 4.03% increase in returns based on the current median price in WELBY.
WELBY, 2575 places 52nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.9%||N/A|
|Median 3 years||72.25%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||16.06%||N/A|
|Weekly media advert. rent||$490||N/A|
|Time on Market||99.2 days||N/A|
|Gross Rental Yield Percent||4.03%||N/A|