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 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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