Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
BEROWRA, 2081 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BEROWRA, 2081 values up and netting property investors a capital gain of 2.12% for the past year.
Investors saw the median home price rise to $1,155,000.
Profits due to an upward trend in home prices in the suburb averaged 10.67% per annum over a 3-year period.
BEROWRA now ranks at the 859th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BEROWRA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $592.5 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 BEROWRA, homes and units usually stay on listing for an average of 59.6 days.
In 2016, 57 properties were sold in BEROWRA during the past year, making it the 297th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,155,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.28% | N/A |
| Median 12 month | 2.12% | N/A |
| Median 3 years | 32% | N/A |
| Median 5 years | 72.39% | N/A |
| 10 years average annual | 8.59% | N/A |
| Weekly media advert. rent | $592.5 | N/A |
| Time on Market | 59.6 days | N/A |
| Gross Rental Yield Percent | 2.67% | N/A |
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