Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investors enjoyed capital gains of 20.63% over the last 12 months in COOMA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in COOMA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 35.96% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
On average, rents on listings have reached the $375 mark, reflecting a 5.13% increase in returns based on the current median price in COOMA.
COOMA, 2630 ranks 181st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 106th on the list of best yielding suburbs for rental properties in NSW, posting a 5.13% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.63%||N/A|
|Median 3 years||35.96%||N/A|
|Median 5 years||70.79%||N/A|
|10 years average annual||7.28%||N/A|
|Weekly media advert. rent||$375||N/A|
|Time on Market||69.7 days||N/A|
|Gross Rental Yield Percent||5.13%||N/A|