DARETON, 2717 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 DARETON, 2717 values up and netting property investors a capital gain of 9.2% for the past year.
Investors saw the median home price rise to $95,000.
Profits due to an downward trend in home prices in the suburb averaged -5.43% per annum over a 3-year period.
DARETON now ranks at the 193rd 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 DARETON are high, 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 DARETON, homes and units usually stay on listing for an average of 153.0 days.
In 2016, 14 properties were sold in DARETON during the past year, making it the 1194th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.2%||N/A|
|Median 3 years||-16.3%||N/A|
|Median 5 years||11.76%||N/A|
|10 years average annual||-0.67%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||153.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|