Property value increases in Turramurra have tracked just lower than the NSW average of 8.99% over the last 12 months.
Over the longer term, Turramurra has seen property prices show investors a 52.65% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -7.41% to buyers in Turramurra at the moment, which is less than average for the rest of NSW.
At number 1888 in a list of fastest selling suburbs, Turramurra is just in the bottom half of suburbs in Australia with an average of days on market 79.21 for properties listed there.
With the median price for a house in Turramurra being $1725000 and the advertised rent reaching $880 the gross rental yield for property investors calculates out to be 2.65%
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 9.75%.
Turramurra,2074 was ranked 817 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Turramurra is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in NSW
Advertised rents are around the $590 mark per week – giving a return of 3.66% based on the median price in Suburb