Property value increases in Toormina have tracked just higher than the NSW average of 6.38% over the last 12 months.
Taking the average capital gain, or increase in median house value, Toormina,2452 has racked up an average of 9.45% over the period. This ranks it number 1654th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Toormina is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 1144th in terms of most discounted suburbs in NSW
Toormina, 2452’s gross rental yield is 4.95%
Investment property in Toormina 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 16.00%
Over the longer term, Toormina has seen property prices show investors a 26.09% return over the last 3 years. This is worse than over the last 12 months
Toormina, 2452 is offering NSW ‘s 336th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.