Toormina is in the bottom 40% in NSW when comparing median price capital growth over the last year. Toormina gave property investors a disappointing capital gain figure when compared to the rest of the state, with 7.86%.
When looking at the potential capital gains offered to property investors over the last 3 years, Toormina comes in at number 1018th in NSW.
Our latest figures would indicate that property sellers in Toormina are currently offering property investors an average price cut of -2.76% below the asking price at the moment.
Advertised rents are around the $390 mark per week – giving a return of 4.93% based on the median price in Suburb
Toormina has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.08% to date .
A 21.74% growth in median value for property investors in Toormina,2452 puts this suburb at number 94th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Toormina is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 232th in terms of most discounted suburbs in NSW
In the last year 36 properties changed hands in Toormina, which puts it as the 341th most active market in NSW when comparing the number of sales per suburb.
Toormina is 28th on a list of best yielding suburbs for rents in NSW with a 5.94% return