CLAREMONT MEADOWS, 2747 delivered a stronger 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 CLAREMONT MEADOWS, 2747 values up and netting property investors a capital gain of 19.06% for the past year.
Investors saw the median home price rise to $1,290,000.
Profits due to an upward trend in home prices in the suburb averaged 17.11% per annum over a 3-year period.
CLAREMONT MEADOWS now ranks at the 359th 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 CLAREMONT MEADOWS 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 $700 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 CLAREMONT MEADOWS, homes and units usually stay on listing for an average of 64.3 days.
In 2016, 71 properties were sold in CLAREMONT MEADOWS during the past year, making it the 175th most active market in NSW based on total real estate transactions.
CLAREMONT MEADOWS ranks 577th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
CLAREMONT MEADOWS, 2747 has a capital gain of 0% for the past year, which is lower than average compared to its 31.99% growth within a five-year period.
With the median home price in CLAREMONT MEADOWS sitting at $897,500, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.
Property investors have seen a 0% gain in CLAREMONT MEADOWS 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 CLAREMONT MEADOWS, 2747 obtained a 13.33% growth over a ten-year period. It ranks 1516th on our list of suburbs that property investors should look into.