Property investors have seen a 0.49% 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 12.48%.
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 $613,000
Profits averaged 15.67% 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 $420 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.56%.
An average of 14.33 real estate transactions take place per month in KATOOMBA which translates to 172 per annum.
Property investments in KATOOMBA fare well against the rest of the country last year, registering a median home price increase of 7.28%.
Figures from the previous quarter show that capital gains for real estate buyers in KATOOMBA are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In KATOOMBA, homes and units usually stay on listing for an average of 49.7 days.
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 $423,750
Investors saw the median home price rise to $423,750.
KATOOMBA ranks 194th on the list of best yielding suburbs for rental properties in NSW, posting a 4.29% return.
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