OBERON, 2787 ranks 572nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.67% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $341,250.
The upward trend in home prices in OBERON, 2787 averaged 13.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.57% increase in returns based on the current median price in OBERON.
An average of 6.83 real estate transactions take place per month in OBERON which translates to 82 per annum.
82 properties were sold in OBERON in 2016, making it the 96th most active market in NSW based on total real estate transactions.
OBERON, 2787 places 805th in Australia based on median property value growth during the quarter.
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