Over the last year, property investments in Turramurra, 2074 have given investors a capital gain of 10.00%. This compares averagely with the 10.55% for NSW as a whole.
While Turramurra,2074 ranked number 555th in NSW for increase in median house value (annualised) increase, it is ranked 314th over the last 5 years.
Our latest figures would indicate that property sellers in Turramurra are currently offering property investors an average price cut of -8.25% below the asking price at the moment.
With the median price for a house in Turramurra being $1980000 and the advertised rent reaching $977.5 the gross rental yield for property investors calculates out to be 2.57%
Giving property investors a a stable capital gain of 7.10% for the last year, Turramurra, 2074 is the 632th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Turramurra has increased when compared to the 5 year average annual rate.
Turramurra2074 is located in NSW which offers an average discount of -4.12% to property investors. Turramurra itself is showing figures that indicate -5.09% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Turramurra have been waiting around 50.03 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 7.21%, investors should hope to achieve an overall return of 3.45%