ARIAH PARK, 2665 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 ARIAH PARK, 2665 values up and netting property investors a capital gain of 20% for the past year.
Investors saw the median home price rise to $360,000.
Profits due to an upward trend in home prices in the suburb averaged 33.33% per annum over a 3-year period.
ARIAH PARK now ranks at the 99th 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 ARIAH PARK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of N/A 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 ARIAH PARK, homes and units usually stay on listing for an average of N/A.
In 2016, 11 properties were sold in ARIAH PARK during the past year, making it the 1391st most active market in NSW based on total real estate transactions.