MOAMA, 2731 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $419,000.
Profits due to an upward trend in home prices in the suburb averaged 7.75% per annum over a 3-year period.
MOAMA now ranks at the 1008th 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 MOAMA 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 $342.5 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 MOAMA, homes and units usually stay on listing for an average of 111.5 days.
In 2016, 118 properties were sold in MOAMA during the past year, making it the 1335th most active market in NSW based on total real estate transactions.
MOAMA ranks 191st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
MOAMA, 2731 has a capital gain of 24.75% for the past year, which is higher than average compared to its 16.98% growth within a five-year period.
MOAMA, 2731 ranks 95th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.75% for property investors last year.
With the median home price in MOAMA sitting at $310,000, and the average rent at $260, property owners could potentially earn a 4.36% increase in gross rental yield.
Property investors have seen a 8.77% gain in MOAMA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MOAMA, 2731 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 24.75%.
A survey of average capital gains or median home price increase in suburbs across the country shows that MOAMA, 2731 obtained a 5.36% growth over a ten-year period. It ranks 650th on our list of suburbs that property investors should look into.