At number 3108th in the list of Australian suburbs ordered by increase in median house value over the last year, Casuarina, 2487 is in the BOTTOM 30% with a property value increase of -2.20% recorded in median house prices.
Over the longer term, Casuarina has seen property prices show investors a 31.00% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Casuarina itself are offering an average vendor discount of -6.21% to real estate investors.
Residents and property investors in Casuarina have been waiting around 96.61 days to sell a property.
Renters in Suburb are facing rents around $8700 per annum or $725 every week.
With a capital gain of 12.00% for the last 12 months, Casuarina, 2487 has performed for property investments than its average annual 2.46% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Casuarina has given property investors a paper return of 1.36%. This puts Suburb as 270 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -5.04% to buyers in Casuarina at the moment, which is less than average for the rest of NSW.
In the last year 78 properties changed hands in Casuarina, which puts it as the 192th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 2.46%, investors should hope to achieve an overall return of 5.17%