If you compare the increase in value of investment property in Casuarina, 2487 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.81%.
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.
Vendor discounting in Casuarina is giving property investors an average Vendor Discount of around -6.04%. This puts suburb at number 402th in NSW when ranking the most discounted suburbs.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 4.44%, without taking into account capital value appreciation, which has been averaging out at 2.57%.
Property investors who have had real estate in Casuarina, 2487 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 36.63%
Casuarina,2487 has offered an average of 36.63% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Casuarina should be aiming for at least -4.56% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Casuarina is 113th on a list of best yielding suburbs for rents in NSW with a 5.01% return