Property investors who have had real estate in Killara, 2071 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.39%
Taking the average capital gain, or increase in median house value, Killara,2071 has racked up an average of 13.39% over the period. This ranks it number 421th in the whole country for real estate investors looking at median house price increases.
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 Killara, 2071. Typically our figures indicate that -6.57% is being offered, which puts this NSW suburb at 1251th most discounted overall in Australia.
At number 1826 in a list of fastest selling suburbs, Killara is just in the top half of suburbs in Australia with an average of days on market 73.68 for properties listed there.
Advertised rents are around the $1177.5 mark per week – giving a return of 2.11% based on the median price in Suburb
Investment property in Killara has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.24%
Killara,2071 has offered an average of 11.24% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.14% to buyers in Killara at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 9.17 sales per month, which equates to 110 per year.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 7.07%, investors should hope to achieve an overall return of 3.41%