Property investments in PLUMPTON fare well against the rest of the country last year, registering a median home price increase of 8.74%.
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 PLUMPTON, 2761 saw average growth in the long term.
Real estate investors could earn a rental income of $450 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 44.4 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 $671,500.
PLUMPTON ranks 563rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.48% return.
PLUMPTON, 2761 ranks 156th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.56% for property investors last year.
Profits due to an upward trend in home prices in PLUMPTON, 2761 averaged 15.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.73% increase in returns based on the current median price in PLUMPTON.
An average of 4.83 real estate transactions take place per month in PLUMPTON which translates to 58 per annum.
58 properties were sold in PLUMPTON during the past year, making it the 96th most active market in NSW based on total real estate transactions.
PLUMPTON, 2761 places 313th in Australia based on median property value growth during the quarter.
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