QUEENSCLIFF, 2096 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 $2,572,500.
Profits due to an upward trend in home prices in the suburb averaged 3.63% per annum over a 3-year period.
QUEENSCLIFF now ranks at the 723rd 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 QUEENSCLIFF are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In QUEENSCLIFF, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 17 properties were sold in QUEENSCLIFF during the past year, making it the 1022nd most active market in NSW based on total real estate transactions.
QUEENSCLIFF ranks 151st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
QUEENSCLIFF, 2096 has a capital gain of 0.23% for the past year, which is lower than average compared to its 77.57% growth within a five-year period.
With the median home price in QUEENSCLIFF sitting at $1,072,500, and the average rent at $670, property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a -2.37% drop in QUEENSCLIFF based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that QUEENSCLIFF, 2096 obtained a 8.52% growth over a ten-year period. It ranks 91st on our list of suburbs that property investors should look into.