Investment property in Katoomba 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 7.78%
Katoomba,2780 was ranked 1935 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.20% to buyers in Katoomba at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Katoomba the average time real estate has been on the market is 56.65 days.
If you compare the increase in value of investment property in Katoomba, 2780 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 22.90%.
Katoomba,2780 has offered an average of 22.90% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 4.91%