Terrigal has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.19% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Terrigal has increased when compared to the 5 year average annual rate.
Property buyers and investors in Terrigal 2260 should be seeing an average reduction in asking price of around -5.47% . This means that Terrigal is holding prices well when compared to other suburbs in NSW.
At number 661 in a list of fastest selling suburbs, Terrigal is in the TOP 20% of suburbs in Australia with an average of days on market 54.36 for properties listed there.
Terrigal is 634th on a list of best yielding suburbs for rents in NSW with a 3.65% return
Investment property in Terrigal has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.60%
Across a shorter period, Terrigal, 2260 has seen a median price increase of -3.52% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Terrigal itself are offering an average vendor discount of -5.39% to real estate investors.
With the median price for a house in Terrigal being $685000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.02%