Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors enjoyed capital gains of 20.19% over the last 12 months in BEACON HILL, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.84% growth over a ten-year period. It ranks 224th on our list of suburbs that property investors should look into.
BEACON HILL, 2100 has a capital gain of 20.19% for the past year, which is higher than average compared to its 46.54% growth within a five-year period.
With the median home price in BEACON HILL sitting at $1,905,000, and the average rent at $805, property owners could potentially earn a 2.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BEACON HILL are low, as opposed to average gains per annum over the past five years.
BEACON HILL, 2100 in NSW belongs to the local government area of Northern Beaches (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.19%||N/A|
|Median 3 years||23.5%||N/A|
|Median 5 years||46.54%||N/A|
|10 years average annual||8.84%||N/A|
|Weekly media advert. rent||$805||N/A|
|Time on Market||48.9 days||N/A|
|Gross Rental Yield Percent||2.2%||N/A|