Homeowners and real estate investors betting on LAVENDER BAY, 2060 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.06%.
A steady increase in median property prices over a five-year period in LAVENDER BAY, 2060 translates to a 49.92% capital gain.
Property investors enjoyed capital gains of 10.06% over the last 12 months in LAVENDER BAY, translating to lower returns compared with its peers in NSW.
LAVENDER BAY, 2060 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 $952,000.
Profits due to an upward trend in home prices in LAVENDER BAY, 2060 averaged 16.64% per annum over a 3-year period.
Home owners selling their properties and realtors in LAVENDER BAY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $575 mark, reflecting a 3.14% increase in returns based on the current median price in LAVENDER BAY.
LAVENDER BAY, 2060 places 517th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||10.06%|
|Median 3 years||N/A||49.92%|
|Median 5 years||N/A||40%|
|10 years average annual||N/A||6.53%|
|Weekly media advert. rent||N/A||$575|
|Time on Market||N/A||0.0 days|
|Gross Rental Yield Percent||N/A||3.14%|