Property investors who have had real estate in Wahroonga, 2076 should be relatively 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 5.66%
Taking the average capital gain, or increase in median house value, Wahroonga,2076 has racked up an average of 5.66% over the period. This ranks it number 2264th in the whole country for real estate investors looking at median house price increases.
Wahroonga2076 is located in NSW which offers an average discount of -6.70% to property investors. Wahroonga itself is showing figures that indicate -8.02% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $855 weekly from the median priced house in this suburb.
With a capital gain of 1.80% for the last 12 months, Wahroonga, 2076 has performed for property investments than its average annual 5.45% property growth over the last 5 years.
Wahroonga,2076 was ranked 635 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Wahroonga itself are offering an average vendor discount of -11.74% to real estate investors.
With the median price for a house in Wahroonga being $850000 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.55%
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Homey suburb sees supply drop
Median unit price: $808,000
Stock on market: -45.30%
12-month growth: 4.26%
Named with an Aboriginal word that translates to “our home,” Wahroonga is a commercial hub that has been seeing steady growth with limited supply.
Prices rose by 4.3% over the past 12 months following a consistent growth period of five years. The current annual average growth rate is a strong 5.4%, and the average discount rate offered hovers at 5%. The amount of supply on the market decreased by -45.3% over the past 12 months, reflecting the trend displayed by many capitals recently. This could have had a prominent effect on its growth.
Wahroonga is populated by many shopping villages that house restaurants. The suburb is also the site of the Sydney Adventist Hospital. The second-oldest national park in the country, Ku-ring-gai Chase National Park, is located in Wahroonga.
Commuters can reach Sydney via train from Wahroonga Station. The suburb is also connected to Newcastle via the Sydney end of the M1.