Terrigal has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.52% to date .
The five-year average increase in median property values for Terrigal,2260 has given property investors a potential capital gain of 39.34% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Terrigal is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 564th in terms of most discounted suburbs in NSW
At number 485 in a list of fastest selling suburbs, Terrigal is in the TOP 20% of suburbs in Australia with an average of days on market 48.84 for properties listed there.
Situated 51.16km from the CBD, Terrigal is one of Gosford localities in the postcode 2260.
Property investors who have had real estate in Terrigal, 2260 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.24%
Terrigal,2260 was ranked 611 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Terrigal should be aiming for at least -5.70% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 2.62%, investors should hope to achieve an overall return of 4.02%