How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
The suburb’s capital gain of 4.62% for the past year is higher than average compared to its 19.56% growth within a five-year period.
Also in THURGOONA, the median home price is sitting at $408,000, and the average rent at $407.5, this suggests property owners could potentially earn a 5.19% increase in gross rental yield.
Property investors have seen a 2.13% gain in THURGOONA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.38% growth over a ten-year period. It ranks 2905th on our list of suburbs that property investors should look into.
Thurgoona is a low-key suburb in NSW. It belongs to the local government area of the City of Albury.
Thurgoona is a tourism destination in its own right, with the Murray River within arm’s reach and a Country Club to boot. With ample open green spaces, gorgeous lakes and rivers in the vicinity, and a thriving cultural scene, it’s no wonder that families are developing an affinity for Thurgoona more than ever. Thurgoona is also the site of several colleges, as well as a number of primary and secondary schools.
Residents hail it as the best place to live in Albury, when location and access to amenities are taken into consideration. Thurgoona has its own shopping centre, bakery, pharmacy and a host of exotic restaurants to satisfy one’s cravings. Inhabitants also laud the very low crime rate in Thurgoona, and the overall safety of the community and its public spaces.
Home prices in Thurgoona have steadily increased in the past five years, registering an average of 15 per cent growth during this period. The past 12 months have also been good to the suburb, with the median price reflecting an 8 per cent increase. This translates to a strong performance for Thurgoona real estate; in Sydney, residential property prices have climbed 20 per cent.
Yet despite rising property values, there is still an adequate supply of houses in Thurgoona, giving property buyers a variety of options. New housing estates are also slated for construction soon, and a number of wetlands and land releases have been earmarked for new developments.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.62%||N/A|
|Median 3 years||9.68%||N/A|
|Median 5 years||19.56%||N/A|
|10 years average annual||2.38%||N/A|
|Weekly media advert. rent||$407.5||N/A|
|Time on Market||77.8 days||N/A|
|Gross Rental Yield Percent||5.19%||N/A|