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Property investments in EMU PLAINS did not fare well against the rest of the country last year, registering a median home price decrease of 2.92%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains EMU PLAINS, 2750 saw average growth in the long term.
Real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 38.1 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $741,000.
EMU PLAINS ranks 602nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.37% return.
For its residents, living in Emu Plains is akin to living in a resort town the whole year round, with old brick houses, lush manicured gardens, cascading streams and the Nepean River lending the suburb a rustic charm. Resting on the foothills of the Blue Mountains, Emu Plains is part of the local government area of the City of Penrith. Its distance to the Sydney central business district is 58 kilometres.
The suburb of Emu Plains was originally established in the early 1800s as a stopover for people braving the craggy peaks of the Blue Mountains. Today, getting in and out of Emu Plains takes just an hour and a half via private car or its North Shore railway station. Those who opt to stay at Emu Plains for the night have a wide range of accommodations and cabins to choose from.
Many are drawn to Emu Plains for its affordable real estate, amenities and adequate supply of houses. There’s the famed Emu Plains market, which has everything residents need for restocking their cupboards, as well as a local shopping centre. As for schools, Emu Plains has a number of public and private schools.
Although sporadic, new developments have sprouted in Emu Plains in recent years. Meanwhile, existing properties are flipped by owners and developers, and resold at a reasonable price.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.92%||-2.5%|
|Median 3 years||1.09%||-8.45%|
|Median 5 years||16.69%||11.43%|
|10 years average annual||6.3%||5.55%|
|Weekly media advert. rent||$480||$420|
|Time on Market||38.1 days||0.0 days|
|Gross Rental Yield Percent||3.37%||3.73%|