Katoomba has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.38% to date .
Comparing Katoomba,2780 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Katoomba itself are offering an average vendor discount of -4.62% to real estate investors.
Residents and property investors in Katoomba have been waiting around 58.78 days to sell a property.
With the median price for a house in Katoomba being $500000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.16%
Property investors who have had real estate in Katoomba, 2780 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 14.20%
Taking the average capital gain, or increase in median house value, Katoomba,2780 has racked up an average of 14.20% over the period. This ranks it number 267th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Katoomba is giving property investors an average Vendor Discount of around -3.37%. This puts suburb at number 348th in NSW when ranking the most discounted suburbs.
Situated 84.75km from the CBD, Katoomba is one of Blue Mountains localities in the postcode 2780.