Property investors who have had real estate in Killara, 2071 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.05%
If we look at median property appreciation over just the last three months, Killara has given property investors a paper return of 0.00%. This puts Suburb as 625 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Killara should be aiming for at least -9.15% off the asking price, which is the average vendor discount being achieved at the moment.
A $1175 per week rent on the median house gives suburb investors a gross yield of circa 2.17%, without taking into account capital value appreciation, which has been averaging out at 7.36%.
With a capital gain of -1.64% for the last 12 months, Killara, 2071 has performed for property investments than its average annual 4.15% property growth over the last 5 years.
Killara,2071 was ranked 1478 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -8.83% to buyers in Killara at the moment, which is less than average for the rest of NSW.
With the median price for a house in Killara being $975000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.47%