Castlereagh

CASTLEREAGH, 2749 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 CASTLEREAGH, 2749 values up and netting property investors a capital gain of 58.79% for the past year.

Investors saw the median home price rise to $2,755,000.

CASTLEREAGH now ranks at the 704th 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 CASTLEREAGH are low, 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 CASTLEREAGH, homes and units usually stay on listing for an average of 95.2 days.

In 2016, 26 properties were sold in CASTLEREAGH during the past year, making it the 795th most active market in NSW based on total real estate transactions.