Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $675,000.
The upward trend in home prices in WERRINGTON, 2747 averaged 13.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.24% increase in returns based on the current median price in WERRINGTON.
An average of 3.58 real estate transactions take place per month in WERRINGTON which translates to 43 per annum.
43 properties were sold in WERRINGTON in 2016, making it the 368th most active market in NSW based on total real estate transactions.
WERRINGTON, 2747 places 564th in Australia based on median property value growth during the quarter.
The suburb also 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 $460,750.
Average median unit prices in NSW have risen as a whole, pulling WERRINGTON, 2747 values up and netting property investors a capital gain of 2.39% for the past year.
Investors saw the median home price rise to $460,750.
The upward trend in home prices in WERRINGTON, 2747 averaged 8.18% per annum over a 3-year period.
WERRINGTON now ranks at the 247th 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 WERRINGTON are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WERRINGTON, homes and units usually stay on listing for an average of 34.2 days.
65 properties were sold in WERRINGTON in 2016, making it the 79th most active market in NSW based on total real estate transactions.
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