Residex has revealed the suburbs around the country with the highest capital growth over the last 12 months.
Sydney suburbs unsurprisingly led the charge with the highest increases in capital growth seen in the Greater Western Sydney suburbs of Mount Druitt (30.51%) and Tregear (29.77%). Rental yields for these suburbs were 4.77% and 5.95% respectively, making Tregear a rare achiever of both strong capital growth and reasonable rental return, great for investors.
In regional areas, NSW’s coastal towns also topped the capital growth list, with Towradgi and Lake Munmorah hitting 22.39% and 21.54% respectively. Some of the lowest capital growth was seen in the Northern Territory’s Tennant Creek (11.51%) and Katherine East (5.35%), but these suburbs enjoyed the highest rental yields of 7.01% and 6.64% respectively.
Darwin’s capital growth was severely below its other city counterparts, with Nightcliff and Alawa registering just 4.44% and 4.31% capital growth respectively.
To find out the statistics of your suburb, including annual median capital growth and median weekly rents and rental yield, visit Residex to download a free Suburb Report for your area.
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