Toormina has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.87% to date .
The five-year average increase in median property values for Toormina,2452 has given property investors a potential capital gain of 26.11% across each of those five years.
Vendor discounting in Toormina is giving property investors an average Vendor Discount of around -2.91%. This puts suburb at number 1147th in NSW when ranking the most discounted suburbs.
Residents and property investors in Toormina have been waiting around 64.13 days to sell a property.
Toormina, 2452’s gross rental yield is 5.01%
NSW has seen average median house prices change by 6.07% which means that Toormina, 2452 has done well for property investors by showing a capital gain of -4.07% over the last year
Taking the average capital gain, or increase in median house value, Toormina,2452 has racked up an average of -4.07% over the period. This ranks it number 878th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Toormina itself are offering an average vendor discount of -3.31% to real estate investors.
With the median price for a house in Toormina being $265000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 6.08%