With a capital gain of 25.37% for the last 12 months, Turrella, 2205 has performed for property investments than its average annual 11.18% property growth over the last 5 years.
Comparing Turrella,2205 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 14 properties changed hands in Turrella, which puts it as the 1303th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 11.18%, investors should hope to achieve an overall return of 2.68%
At number 1031th in the list of Australian suburbs ordered by increase in median house value over the last year, Turrella, 2205 is in the BOTTOM 50% with a property value increase of 1.77% recorded in median house prices.
A 20.00% growth in median value for property investors in Turrella,2205 puts this suburb at number 392th in terms of best performing 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 Turrella, 2205. Typically our figures indicate that -5.00% is being offered, which puts this NSW suburb at 716th most discounted overall in Australia.
Often selling an investment property can take time, and in Turrella the average time real estate has been on the market is 69.88 days.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 4.35%.