If you compare the increase in value of investment property in Waitara, 2077 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -21.31%.
Comparing Waitara,2077 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
With the median price for a house in Waitara being $1385000 and the advertised rent reaching $560 the gross rental yield for property investors calculates out to be 2.10%
Waitara is an average performer in NSW when comparing median price capital growth over the last year. Waitara gave property investors a average capital gain figure when compared to the rest of the state, with 5.93%.
If we look at median property appreciation over just the last three months, Waitara has given property investors a paper return of 0.70%. This puts Suburb as 339 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Waitara should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Waitara being $715000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.78%