The $8 billion tax cash splash and what it means for property values
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Property investors enjoyed capital gains of 13.76% over the last 12 months in BELLEVUE HILL, 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 the NSW suburb obtained a 6.54% growth over a ten-year period. It ranks 1214th on our list of suburbs that property investors should look into.
BELLEVUE HILL, 2023 has a capital gain of 13.76% for the past year, which is lower than average compared to its 77.14% growth within a five-year period.
With the median home price in BELLEVUE HILL sitting at $6,200,000, and the average rent at $2375, property owners could potentially earn a 1.99% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BELLEVUE HILL are low, as opposed to average gains per annum over the past five years.
BELLEVUE HILL, 2023 in NSW belongs to the local government area of Woollahra (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $6,200,000 | $1,213,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.06% | 3.5% |
| Median 12 month | 13.76% | -3.58% |
| Median 3 years | 47.62% | 20.15% |
| Median 5 years | 77.14% | 42.76% |
| 10 years average annual | 6.54% | 8.11% |
| Weekly media advert. rent | $2375 | $720 |
| Time on Market | 60.0 days | 55.0 days |
| Gross Rental Yield Percent | 1.99% | 3.09% |
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