Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $825,000.
The upward trend in home prices in CRESTWOOD, 2620 averaged 1.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $635 mark, reflecting a 4% increase in returns based on the current median price in CRESTWOOD.
An average of 4.08 real estate transactions take place per month in CRESTWOOD which translates to 49 per annum.
49 properties were sold in CRESTWOOD in 2016, making it the 396th most active market in NSW based on total real estate transactions.
CRESTWOOD, 2620 places 1132nd in Australia based on median property value growth during the quarter.
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 $363,750.
Investors saw the median home price rise to $363,750.
The upward trend in home prices in CRESTWOOD, 2620 averaged 2.75% per annum over a 3-year period.
CRESTWOOD now ranks at the 398th 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 CRESTWOOD are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $432.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In CRESTWOOD, homes and units usually stay on listing for an average of 75.8 days.
86 properties were sold in CRESTWOOD in 2016, making it the 31st most active market in NSW based on total real estate transactions.