With a capital gain of 21.36% for the last 12 months, Katoomba, 2780 has performed for property investments than its average annual 6.86% property growth over the last 5 years.
While Katoomba,2780 ranked number 110th in NSW for increase in median house value (annualised) increase, it is ranked 314th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Katoomba is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 565th in terms of most discounted suburbs in NSW
Situated 84.91km from the CBD, Katoomba is one of Blue Mountains localities in the postcode 2780.
At number 295th in the list of Australian suburbs ordered by increase in median house value over the last year, Katoomba, 2780 is in the top 20% with a property value increase of 14.39% recorded in median house prices.
If we look at median property appreciation over just the last three months, Katoomba has given property investors a paper return of 2.45%. This puts Suburb as 237 on a list of fastest fasting appreciating suburbs in NSW
At number 271th of NSW’s most discounted properties, Katoomba is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Katoomba the average time real estate has been on the market is 60.07 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.58%, without taking into account capital value appreciation, which has been averaging out at 5.34%.