If you compare the increase in value of investment property in Casuarina, 2487 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.04%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Casuarina has increased when compared to the 5 year average annual rate.
Property buyers and investors in Casuarina 2487 should be seeing an average reduction in asking price of around -6.60% . This means that Casuarina is holding prices well when compared to other suburbs in NSW.
A $737.5 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 3.45%.
Giving property investors a an average capital gain of 0.43% for the last year, Casuarina, 2487 is the 1039th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Casuarina comes in at number 261th in NSW.
Our latest figures would indicate that property sellers in Casuarina are currently offering property investors an average price cut of -5.05% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.18%, without taking into account capital value appreciation, which has been averaging out at 1.84%.