Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
KURRAJONG, 2758 ranks 276th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.37% for property investors.
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 $1,300,000.
The upward trend in home prices in KURRAJONG, 2758 averaged 13.87% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in KURRAJONG.
An average of 2 real estate transactions take place per month in KURRAJONG which translates to 24 per annum.
24 properties were sold in KURRAJONG in 2016, making it the 460th most active market in NSW based on total real estate transactions.
KURRAJONG, 2758 places 205th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,300,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.39% | N/A |
| Median 12 month | 20.37% | N/A |
| Median 3 years | 41.61% | N/A |
| Median 5 years | 81.06% | N/A |
| 10 years average annual | 8.69% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 88.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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