Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
Property investors have seen a 1.12% 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 $632,000
Profits averaged 0.78% 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 3.7%.
An average of 16.08 real estate transactions take place per month in KATOOMBA which translates to 193 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.12%||3.91%|
|Median 3 years||2.35%||0.59%|
|Median 5 years||31.46%||26.87%|
|10 years average annual||6.96%||5.61%|
|Weekly media advert. rent||$450||$360|
|Time on Market||56.7 days||52.1 days|
|Gross Rental Yield Percent||3.7%||4.4%|