BURRAWANG, 2577 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 BURRAWANG, 2577 values up and netting property investors a capital gain of 34.01% for the past year.
Investors saw the median home price rise to $1,152,500.
Profits due to an upward trend in home prices in the suburb averaged 13.66% per annum over a 3-year period.
BURRAWANG now ranks at the 724th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BURRAWANG, homes and units usually stay on listing for an average of 151.0 days.
In 2016, 20 properties were sold in BURRAWANG during the past year, making it the 932nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.01%||N/A|
|Median 3 years||40.98%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||14.58%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||151.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|