Wahroonga has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.94% to date .
Over the longer term, Wahroonga has seen property prices show investors a 11.38% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wahroonga, 2076. Typically our figures indicate that -7.10% is being offered, which puts this NSW suburb at 1363th most discounted overall in Australia.
Residents and property investors in Wahroonga have been waiting around 84.625 days to sell a property.
With the median price for a house in Wahroonga being $1850000 and the advertised rent reaching $900 the gross rental yield for property investors calculates out to be 2.53%
At number 794th in the list of Australian suburbs ordered by increase in median house value over the last year, Wahroonga, 2076 is in the BOTTOM 50% with a property value increase of -2.69% recorded in median house prices.
Wahroonga,2076 has offered an average of -2.69% return per annum in house price rises to property investors over the last three years.
At number 7th of NSW’s most discounted properties, Wahroonga is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $580 mark per week – giving a return of 3.79% based on the median price in Suburb
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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.