If you compare the increase in value of investment property in Turramurra, 2074 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.45%.
If we look at median property appreciation over just the last three months, Turramurra has given property investors a paper return of -4.67%. This puts Suburb as 1251 on a list of fastest fasting appreciating suburbs in NSW
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 Turramurra, 2074. Typically our figures indicate that -7.86% is being offered, which puts this NSW suburb at 864th most discounted overall in Australia.
In the last year 199 properties changed hands in Turramurra, which puts it as the 64th most active market in NSW when comparing the number of sales per suburb.
Situated 16.58km from the CBD, Turramurra is one of Ku-ring-gai localities in the postcode 2074.
NSW has seen average median house prices change by 6.59% which means that Turramurra, 2074 has done well for property investors by showing a capital gain of 19.02% over the last year
A 62.49% growth in median value for property investors in Turramurra,2074 puts this suburb at number 27th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -7.91% to buyers in Turramurra at the moment, which is less than average for the rest of NSW.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 6.73%.