Over the last year, property investments in Turramurra, 2074 have given investors a capital gain of 3.83%. This compares badly with the 8.26% for NSW as a whole.
Turramurra,2074 was ranked 311 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -8.57% to buyers in Turramurra at the moment, which is less than average for the rest of NSW.
Turramurra is 970th on a list of best yielding suburbs for rents in NSW with a 2.67% return
If you compare the increase in value of investment property in Turramurra, 2074 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.66%.
While Turramurra,2074 ranked number 133th in NSW for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.
Vendor discounting in Turramurra is giving property investors an average Vendor Discount of around -4.75%. This puts suburb at number 175th in NSW when ranking the most discounted suburbs.
Residents and property investors in Turramurra have been waiting around 49.74 days to sell a property.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 6.07%, investors should hope to achieve an overall return of 3.52%