How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Based on its average 5-year and quarterly capital gains ELIZABETH BAY, 2011 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.14% growth over a ten-year period. It ranks 23rd on our list of suburbs that property investors should look into.
ELIZABETH BAY, 2011 in NSW belongs to the local government area of Sydney (C).
ELIZABETH BAY, 2011 has a capital gain of -2.8% for the past year, which is lower than average compared to its 55.08% growth within a five-year period.
With the median home price in ELIZABETH BAY sitting at $901,000, and the average rent at $562.5, property owners could potentially earn a 3.25% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ELIZABETH BAY are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $901,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -15.99% |
| Median 12 month | N/A | -2.8% |
| Median 3 years | N/A | 17.01% |
| Median 5 years | N/A | 55.08% |
| 10 years average annual | N/A | 9.14% |
| Weekly media advert. rent | N/A | $562.5 |
| Time on Market | N/A | 60.6 days |
| Gross Rental Yield Percent | N/A | 3.25% |
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