Big opportunities for property investors in 2019, expert tips
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LITTLE BAY, 2036 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,800,000.
Profits due to an upward trend in home prices in the suburb averaged 7.9% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $1100 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LITTLE BAY, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 20 properties were sold in LITTLE BAY during the past year, making it the 919th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,800,000 | $1,075,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -6.93% |
| Median 12 month | -6.05% | -2.27% |
| Median 3 years | 23.71% | 23.71% |
| Median 5 years | 73.24% | 58.79% |
| 10 years average annual | 8.68% | 3.82% |
| Weekly media advert. rent | $1100 | $615 |
| Time on Market | 0.0 days | 67.7 days |
| Gross Rental Yield Percent | 3.18% | 2.97% |
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