If you compare the increase in value of investment property in Wahroonga, 2076 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.01%.
The five-year average increase in median property values for Wahroonga,2076 has given property investors a potential capital gain of 0.00% across each of those five years.
Our latest figures would indicate that property sellers in Wahroonga are currently offering property investors an average price cut of -6.60% below the asking price at the moment.
Residents and property investors in Wahroonga have been waiting around 129.545 days to sell a property.
Renters in Suburb are facing rents around $0 per annum or $0 every week.
Property value increases in Wahroonga have tracked just higher than the NSW average of 9.41% over the last 12 months.
Wahroonga,2076 has offered an average of 14.02% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Wahroonga is giving property investors an average Vendor Discount of around -5.19%. This puts suburb at number 89th in NSW when ranking the most discounted suburbs.
The NSW suburb of Wahroonga, 2076 is in the Ku-ring-gai (A) local government area.
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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.