Property investors enjoyed capital gains of 39.9% over the last 12 months in PEAK HILL, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 11.77% growth over a ten-year period. It ranks 3062nd on our list of suburbs that property investors should look into.
PEAK HILL, 2869 has a capital gain of 39.9% for the past year, which is higher than average compared to its 42.11% growth within a five-year period.
With the median home price in PEAK HILL sitting at $135,000, and the average rent at $220, property owners could potentially earn a 8.47% increase in gross rental yield.
A 39.9% increase in median property prices in PEAK HILL, 2869 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 12th.
Figures from the previous quarter show that capital gains for real estate buyers in PEAK HILL are high, as opposed to average gains per annum over the past five years.
PEAK HILL, 2869 in NSW belongs to the local government area of Parkes.