Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors enjoyed capital gains of 7.08% over the last 12 months in WARRIMOO, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.62% growth over a ten-year period. It ranks 1221st on our list of suburbs that property investors should look into.
WARRIMOO, 2774 has a capital gain of 7.08% for the past year, which is higher than average compared to its 17.18% growth within a five-year period.
With the median home price in WARRIMOO sitting at $726,500, and the average rent at $480, property owners could potentially earn a 3.44% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WARRIMOO are high, as opposed to average gains per annum over the past five years.
WARRIMOO, 2774 in NSW belongs to the local government area of Blue Mountains (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.08%||N/A|
|Median 3 years||6.84%||N/A|
|Median 5 years||17.18%||N/A|
|10 years average annual||6.62%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||27.1 days||N/A|
|Gross Rental Yield Percent||3.44%||N/A|