Grenfell

GRENFELL, 2810 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling GRENFELL, 2810 values up and netting property investors a capital gain of 24.92% for the past year.

Investors saw the median home price rise to $406,000.

Profits due to an upward trend in home prices in the suburb averaged 8.96% per annum over a 3-year period.

GRENFELL now ranks at the 136th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GRENFELL are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $400 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRENFELL, homes and units usually stay on listing for an average of 97 days.

In 2016, 61 properties were sold in GRENFELL during the past year, making it the 252nd most active market in NSW based on total real estate transactions.