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SUTTON, 2620 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 SUTTON, 2620 values up and netting property investors a capital gain of 48.4% for the past year.
Investors saw the median home price rise to $1,625,000.
Profits due to an upward trend in home prices in the suburb averaged 5.64% per annum over a 3-year period.
SUTTON now ranks at the 975th 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 SUTTON are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUTTON, homes and units usually stay on listing for an average of 141.7 days.
In 2016, 25 properties were sold in SUTTON during the past year, making it the 808th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||48.4%||N/A|
|Median 3 years||16.91%||N/A|
|Median 5 years||33.2%||N/A|
|10 years average annual||9.04%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||141.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|