COLEBEE, 2761 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 COLEBEE, 2761 values up and netting property investors a capital gain of 15.08% for the past year.
Investors saw the median home price rise to $942,500.
Profits due to an upward trend in home prices in the suburb averaged 38.23% per annum over a 3-year period.
COLEBEE now ranks at the 253rd place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $640 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COLEBEE, homes and units usually stay on listing for an average of 82.7 days.
In 2016, 55 properties were sold in COLEBEE during the past year, making it the 322nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.08%||N/A|
|Median 3 years||114.69%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||27.94%||N/A|
|Weekly media advert. rent||$640||N/A|
|Time on Market||82.7 days||N/A|
|Gross Rental Yield Percent||3.53%||N/A|