GLENROY, 2640 delivered a weaker 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 GLENROY, 2640 values up and netting property investors a capital gain of 0.22% for the past year.
Investors saw the median home price rise to $341,500.
Profits due to an upward trend in home prices in the suburb averaged 2.24% per annum over a 3-year period.
GLENROY now ranks at the 1140th 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 GLENROY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $350 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GLENROY, homes and units usually stay on listing for an average of 96.4 days.
In 2016, 53 properties were sold in GLENROY during the past year, making it the 328th most active market in NSW based on total real estate transactions.
GLENROY ranks 269th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
GLENROY, 2640 ranks 329th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.1% for property investors last year.
With the median home price in GLENROY sitting at $222,500, and the average rent at $250, property owners could potentially earn a 5.84% increase in gross rental yield.
Property investors have seen a 5.95% gain in GLENROY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on GLENROY, 2640 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.1%.
A survey of average capital gains or median home price increase in suburbs across the country shows that GLENROY, 2640 obtained a 14.1% growth over a ten-year period. It ranks 1317th on our list of suburbs that property investors should look into.