At number 701th in the list of Australian suburbs ordered by increase in median house value over the last year, Wahroonga, 2076 is in the top 20% with a property value increase of 14.63% recorded in median house prices.
The five-year average increase in median property values for Wahroonga,2076 has given property investors a potential capital gain of 88.00% across each of those five years.
Property investors looking for a bargain in Wahroonga should be aiming for at least -8.65% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Wahroonga the average time real estate has been on the market is 66.16 days.
Wahroonga is 1029th on a list of best yielding suburbs for rents in NSW with a 2.48% return
Wahroonga, 2076 ranked 305th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wahroonga is one of 3163 in our list for NSW
A 33.33% growth in median value for property investors in Wahroonga,2076 puts this suburb at number 422th in terms of best performing suburbs in NSW
Property buyers and investors in Wahroonga 2076 should be seeing an average reduction in asking price of around -4.68% . This means that Wahroonga is holding prices well when compared to other suburbs in NSW.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 5.69%.
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