NSW has seen average median house prices change by 8.99% which means that Willoughby, 2068 has done well for property investors by showing a capital gain of 13.21% over the last year
Taking the average capital gain, or increase in median house value, Willoughby,2068 has racked up an average of 13.21% over the period. This ranks it number 505th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Willoughby 2068 should be seeing an average reduction in asking price of around -0.71% . This means that Willoughby is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Willoughby being $1950000 and the advertised rent reaching $977.5 the gross rental yield for property investors calculates out to be 2.61%
With a capital gain of 10.71% for the last 12 months, Willoughby, 2068 has performed for property investments than its average annual 6.67% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Willoughby has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Willoughby itself are offering an average vendor discount of -6.82% to real estate investors.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.