Industry Sets Expectations For Albanese Government
Now that the 2022 federal election has been decided, the industry is watching keenly to see how Labor’s housing promis...
Property investors have seen a 6.32% 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 25.8%.
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 $789,400
Profits averaged 11.53% 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 $480 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.16%.
An average of 20.83 real estate transactions take place per month in KATOOMBA which translates to 250 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25.8%||23.45%|
|Median 3 years||34.6%||22%|
|Median 5 years||53.28%||43.03%|
|10 years average annual||9.61%||7.84%|
|Weekly media advert. rent||$480||$370|
|Time on Market||32.9 days||29.3 days|
|Gross Rental Yield Percent||3.16%||3.71%|