Property investors enjoyed capital gains of 5.26% over the last 12 months in BAROOGA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in BAROOGA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 16.28% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
On average, rents on listings have reached the $300 mark, reflecting a 5.2% increase in returns based on the current median price in BAROOGA.
BAROOGA, 3644 ranks 812th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 123rd on the list of best yielding suburbs for rental properties in NSW, posting a 5.2% return.
BAROOGA, 3644 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 $172,500.
This number can mean, real estate investors could earn a rental income of $190 based on current median home prices for the suburb.
The gross rental yield in BAROOGA, 3644 is 5.73%.
An average of 0.83 real estate transactions take place per month in BAROOGA which translates to 10 per annum.
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