Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
Property investors enjoyed capital gains of 1.41% over the last 12 months in POTTS POINT, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that POTTS POINT, 2011 obtained a 7.77% growth over a ten-year period. It ranks 159th on our list of suburbs that property investors should look into.
POTTS POINT, 2011 has a capital gain of 1.41% for the past year, which is lower than average compared to its 30.91% growth within a five-year period.
With the median home price in POTTS POINT sitting at $720,000, and the average rent at $575, property owners could potentially earn a 4.15% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in POTTS POINT are low, as opposed to average gains per annum over the past five years.
POTTS POINT, 2011 in NSW belongs to the local government area of Sydney (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $720,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -2.04% |
| Median 12 month | N/A | 1.41% |
| Median 3 years | N/A | 2.86% |
| Median 5 years | N/A | 30.91% |
| 10 years average annual | N/A | 7.77% |
| Weekly media advert. rent | N/A | $575 |
| Time on Market | N/A | 52.0 days |
| Gross Rental Yield Percent | N/A | 4.15% |
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