Property value increases in Katoomba have tracked close to the NSW average of 6.38% over the last 12 months.
Across a shorter period, Katoomba, 2780 has seen a median price increase of 2.06% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Katoomba is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 811th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Katoomba the average time real estate has been on the market is 60.5 days.
With the median price for a house in Katoomba being $495000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.20%
NSW has seen average median house prices change by 5.59% which means that Katoomba, 2780 has done well for property investors by showing a capital gain of 14.37% over the last year
The five-year average increase in median property values for Katoomba,2780 has given property investors a potential capital gain of 44.95% across each of those five years.
With the median price for a house in Katoomba being $366000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.83%