Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Based on its average 5-year and quarterly capital gains MCMAHONS POINT, 2060 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MCMAHONS POINT, 2060 obtained a 10.41% growth over a ten-year period. It ranks 4057th on our list of suburbs that property investors should look into.
MCMAHONS POINT, 2060 in NSW belongs to the local government area of North Sydney (A).
MCMAHONS POINT, 2060 has a capital gain of 32.39% for the past year, which is higher than average compared to its 45.59% growth within a five-year period.
With the median home price in MCMAHONS POINT sitting at $3,505,000, and the average rent at $1325, property owners could potentially earn a 1.97% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MCMAHONS POINT are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.39%||22.73%|
|Median 3 years||12.7%||3.85%|
|Median 5 years||45.59%||28.57%|
|10 years average annual||10.41%||9.11%|
|Weekly media advert. rent||$1325||$550|
|Time on Market||0.0 days||50.7 days|
|Gross Rental Yield Percent||1.97%||2.12%|