Katoomba

POSTAL CODE: NSW, 2780

HOUSE

UNIT

Property investors have seen a 2.84% 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 $905,000

Profits averaged 3.67% 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 $600 based on current median home prices for the suburb.

The gross rental yield in KATOOMBA, 2780 is 3.45%.

An average of 14.67 real estate transactions take place per month in KATOOMBA which translates to 176 per annum.

Property investments in KATOOMBA did not fare well against the rest of the country last year, registering a median home price decrease of -10.99%.

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.

Based on its average 5-year and quarterly capital gains KATOOMBA, 2780 saw average growth in the long term.

This means, real estate investors could earn a rental income of $472.5 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 40.4 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 $627,500

Investors saw the median home price rise to $627,500.

KATOOMBA ranks 378th on the list of best yielding suburbs for rental properties in NSW, posting a 3.92% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$905,000	$627,500
Growth Report
Median Quarterly	2.84%	-10.68%
Median 12 month	6.47%	-10.99%
Median 3 years	11.45%	16.2%
Median 5 years	33.09%	34.95%
10 years average annual	6.78%	9.34%
Weekly media advert. rent	$600	$473
Time on Market	60.3 days	40.4 days
Gross Rental Yield Percent	3.45%	3.92%

Demographics (Median Values)*

Total Population 13224

Weekly Household Income 1046

Household Size 2.10

Average Age 48

Monthly Loan Repayment 1560

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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