Wahroonga has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.54% to date .
Taking the average capital gain, or increase in median house value, Wahroonga,2076 has racked up an average of 15.54% over the period. This ranks it number 448th in the whole country for real estate investors looking at median house price increases.
At number 175th of NSW’s most discounted properties, Wahroonga is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Wahroonga the average time real estate has been on the market is 53.92 days.
With the median price for a house in Wahroonga being $1955000 and the advertised rent reaching $937.5 the gross rental yield for property investors calculates out to be 2.49%
Over the last year, property investments in Wahroonga, 2076 have given investors a capital gain of 2.10%. This compares badly with the 8.63% for NSW as a whole.
A 43.46% growth in median value for property investors in Wahroonga,2076 puts this suburb at number 193th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Wahroonga is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 164th in terms of most discounted suburbs in NSW
Property investors should expect to get $562.5 weekly from the median priced house in this suburb.
Wahroonga is a commercial hub that has been seeing steady growth with limited supply. Prices rose by 4.3% over the past 12 months following a consistent growth period of five years. The current annual average growth rate is a strong 5.4%, and the average discount rate offered hovers at 5%.Full summary
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Homey suburb sees supply drop
Median unit price: $808,000
Stock on market: -45.30%
12-month growth: 4.26%
Named with an Aboriginal word that translates to “our home,” Wahroonga is a commercial hub that has been seeing steady growth with limited supply.
Prices rose by 4.3% over the past 12 months following a consistent growth period of five years. The current annual average growth rate is a strong 5.4%, and the average discount rate offered hovers at 5%. The amount of supply on the market decreased by -45.3% over the past 12 months, reflecting the trend displayed by many capitals recently. This could have had a prominent effect on its growth.
Wahroonga is populated by many shopping villages that house restaurants. The suburb is also the site of the Sydney Adventist Hospital. The second-oldest national park in the country, Ku-ring-gai Chase National Park, is located in Wahroonga.
Commuters can reach Sydney via train from Wahroonga Station. The suburb is also connected to Newcastle via the Sydney end of the M1.Close