At number 1195th in the list of Australian suburbs ordered by increase in median house value over the last year, Katoomba, 2780 is in the top 30% with a property value increase of 10.24% recorded in median house prices.
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 -4.56% to real estate investors.
With the median price for a house in Katoomba being $530000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.92%
Giving property investors a a solid capital gain of 15.82% for the last year, Katoomba, 2780 is the 199th highest performer in Australia in this respect.
The five-year average increase in median property values for Katoomba,2780 has given property investors a potential capital gain of 72.44% across each of those five years.
Vendor discounting in Katoomba is giving property investors an average Vendor Discount of around -1.89%. This puts suburb at number 451th in NSW when ranking the most discounted suburbs.
With the median price for a house in Katoomba being $388000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.56%