Property value increases in Floraville have tracked just higher than the NSW average of 7.47% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Floraville has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Floraville are currently offering property investors an average price cut of -4.41% below the asking price at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
With the median price for a house in Floraville being $620000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.52%
Floraville,2280 was ranked 675 in Australia by increase in median property value over the quarter.
The NSW suburb of Floraville, 2280 is in the Lake Macquarie local government area.