Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,004,000.
The upward trend in home prices in OXLEY PARK, 2760 averaged 7.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $580 mark, reflecting a 3% increase in returns based on the current median price in OXLEY PARK.
An average of 2.08 real estate transactions take place per month in OXLEY PARK which translates to 25 per annum.
25 properties were sold in OXLEY PARK in 2016, making it the 794th most active market in NSW based on total real estate transactions.
OXLEY PARK, 2760 places 558th in Australia based on median property value growth during the quarter.
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 $775,000.
Average median unit prices in NSW have risen as a whole, pulling OXLEY PARK, 2760 values up and netting property investors a capital gain of 10.71% for the past year.
Investors saw the median home price rise to $775,000.
The upward trend in home prices in OXLEY PARK, 2760 averaged 7.03% per annum over a 3-year period.
OXLEY PARK now ranks at the 178th 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 OXLEY PARK are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $622.5 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 OXLEY PARK, homes and units usually stay on listing for an average of 35.7 days.
75 properties were sold in OXLEY PARK in 2016, making it the 64th most active market in NSW based on total real estate transactions.