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 have seen a 6.41% gain in KATOOMBA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KATOOMBA, 2780 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.85%.
Based on its average 5-year and quarterly capital gains KATOOMBA, 2780 saw average growth in the long term.
The NSW 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 $691,650
Profits averaged 4.77% per annum over a 3-year period, due to an upward trend in home prices in KATOOMBA, 2780.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.38%.
An average of 19.33 real estate transactions take place per month in KATOOMBA which translates to 232 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.85%||13.9%|
|Median 3 years||14.32%||9.88%|
|Median 5 years||42.61%||31.55%|
|10 years average annual||8%||8.35%|
|Weekly media advert. rent||$450||$360|
|Time on Market||44.5 days||52.9 days|
|Gross Rental Yield Percent||3.38%||4.01%|