Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors have seen a -2.43% 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 $602,500
Profits averaged 11.4% 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 3.71%.
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 | $602,500 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.43% | 0.29% |
| Median 12 month | 2.99% | 6.25% |
| Median 3 years | 34.19% | 37.1% |
| Median 5 years | 73.38% | 77.82% |
| 10 years average annual | 7.52% | 8.27% |
| Weekly media advert. rent | $430 | $350 |
| Time on Market | 54.5 days | 54.7 days |
| Gross Rental Yield Percent | 3.71% | 4.28% |
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