Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors enjoyed capital gains of 5.26% over the last 12 months in ROSE BAY, 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 9.41% growth over a ten-year period. It ranks 34th on our list of suburbs that property investors should look into.
ROSE BAY, 2029 has a capital gain of 5.26% for the past year, which is lower than average compared to its 63.27% growth within a five-year period.
With the median home price in ROSE BAY sitting at $4,000,000, and the average rent at $1650, property owners could potentially earn a 2.15% 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 | $4,000,000 | $1,155,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.44% | 5% |
| Median 12 month | 5.26% | -12% |
| Median 3 years | 23.08% | 0.43% |
| Median 5 years | 63.27% | 27.62% |
| 10 years average annual | 9.41% | 7.96% |
| Weekly media advert. rent | $1650 | $675 |
| Time on Market | 0.0 days | 68.2 days |
| Gross Rental Yield Percent | 2.15% | 3.04% |
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