NSW has seen average median house prices change by 10.13% which means that North Willoughby, 2068 has done well for property investors by showing a capital gain of 16.28% over the last year
Comparing North Willoughby,2068 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in North Willoughby, 2068. Typically our figures indicate that -3.40% is being offered, which puts this NSW suburb at 3365th most discounted overall in Australia.
At number 3328 in a list of fastest selling suburbs, North Willoughby is in the bottom 20% of suburbs in Australia with an average of days on market 125.43 for properties listed there.
Using the current median advertised rental of $1222.5 and the average annual increase in value of a median property of 8.64%, investors should hope to achieve an overall return of 2.54%
At number 723th in the list of Australian suburbs ordered by increase in median house value over the last year, North Willoughby, 2068 is in the top half with a property value increase of 5.45% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Willoughby has increased when compared to the 5 year average annual rate.