Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Property investors have seen a 0.78% gain in KATOOMBA based on an increase in median home prices for the past three months.
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 $579,500
Profits averaged 6.49% 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 $430 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.86%.
An average of 13.67 real estate transactions take place per month in KATOOMBA which translates to 164 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $579,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | N/A |
| Median 12 month | -3.01% | N/A |
| Median 3 years | 19.48% | N/A |
| Median 5 years | 56.41% | N/A |
| 10 years average annual | 7.38% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 90.6 days | N/A |
| Gross Rental Yield Percent | 3.86% | N/A |
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