Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.66% growth over a ten-year period. It ranks 1167th on our list of suburbs that property investors should look into.
ROSE BAY, 2029 has a capital gain of -4.3% for the past year, which is lower than average compared to its 24.28% growth within a five-year period.
With the median home price in ROSE BAY sitting at $3,780,000, and the average rent at $1185, property owners could potentially earn a 1.63% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ROSE BAY are low, as opposed to average gains per annum over the past five years.
ROSE BAY, 2029 in NSW belongs to the local government area of Woollahra (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,780,000 | $1,520,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 4.83% |
| Median 12 month | -4.3% | 33.63% |
| Median 3 years | -0.53% | 11.76% |
| Median 5 years | 24.28% | 58% |
| 10 years average annual | 5.66% | 8.54% |
| Weekly media advert. rent | $1185 | $650 |
| Time on Market | 72.8 days | 57.1 days |
| Gross Rental Yield Percent | 1.63% | 2.22% |
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