A steady increase in median property prices over a five-year period in the suburb translates to a 29.27% capital gain.
It also 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 $2,650,000
The augmented property values in the suburb are trailing behind the territorial average of 6.63% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1290.
Home owners selling their properties and realtors in PALM BEACH usually have to wait an average of 120.4 days days before their assets are lifted off the market.
The NSW suburb ranks 1003rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.53% return.
It also places places 1248th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 31.23% over the last 12 months in PALM BEACH, 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 PALM BEACH, 2108 obtained a 31.23% growth over a ten-year period. It ranks 835th on our list of suburbs that property investors should look into.
PALM BEACH, 2108 has a capital gain of 31.23% for the past year, which is higher than average compared to its 51.79% growth within a five-year period.
A 31.23% increase in median property prices in PALM BEACH, 2108 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 10th.
Figures from the previous quarter show that capital gains for real estate buyers in PALM BEACH are low, as opposed to average gains per annum over the past five years.
PALM BEACH, 2108 in NSW belongs to the local government area of Pittwater.