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Property investors have seen a -0.34% drop in KATOOMBA based on a decrease 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 $588,000
Profits averaged 8.7% 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 3.8%.
An average of 17 real estate transactions take place per month in KATOOMBA which translates to 204 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $588,000 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.34% | 0% |
| Median 12 month | -3.21% | 0.29% |
| Median 3 years | 26.11% | 32.61% |
| Median 5 years | 65.05% | 58.14% |
| 10 years average annual | 7.44% | 8.87% |
| Weekly media advert. rent | $430 | $340 |
| Time on Market | 70.9 days | 72.5 days |
| Gross Rental Yield Percent | 3.8% | 4.16% |
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