Sydney and Melbourne wobble as COVID-19 sets in
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
Figures from the previous quarter show that capital gains for real estate buyers in CANADA BAY are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
On average, rents on listings have reached the $750 mark, reflecting a 2.48% increase in returns based on the current median price in CANADA BAY.
CANADA BAY, 2046 ranks 789th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1093rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.48% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.56% | N/A |
| Median 12 month | -1.87% | N/A |
| Median 3 years | 5% | N/A |
| Median 5 years | 10.14% | N/A |
| 10 years average annual | 11.14% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 94.8 days | N/A |
| Gross Rental Yield Percent | 2.48% | N/A |
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