Investment property in Toormina has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.81%
Comparing Toormina,2452 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Toormina is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1154th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $382.5 and the average annual increase in value of a median property of 4.49%, investors should hope to achieve an overall return of 4.85%
Investment property in Toormina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.92%
If we look at median property appreciation over just the last three months, Toormina has given property investors a paper return of -8.62%. This puts Suburb as 528 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Toormina should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.