Terrigal, 2260 ranked 681th in NSW when comparing growth in median property values or capital gain over the last 12 months. Terrigal is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Terrigal comes in at number 636th in NSW.
Our latest figures would indicate that property sellers in Terrigal are currently offering property investors an average price cut of -6.67% below the asking price at the moment.
On average over the past year, suburb has had 14.58 sales per month, which equates to 175 per year.
With the median price for a house in Terrigal being $859500 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.51%
If you compare the increase in value of investment property in Terrigal, 2260 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.40%.
Taking the average capital gain, or increase in median house value, Terrigal,2260 has racked up an average of 8.40% over the period. This ranks it number 327th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Terrigal is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Terrigal the average time real estate has been on the market is 53.92 days.