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1 MIN READThis Central Coast Suburb Will Remain ‘white Hot’ For The Rest Of The Year
The poster child of the COVID-19 city exodus, Gosford on the Central Coast, is now seeing an uptick in listings, but acc...
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Summer HillSummer Hill - SUBURB PROFILE REPORT
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Figures from the previous quarter show that capital gains for real estate buyers in SUMMER HILL are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
On average, rents on listings have reached the $700 mark, reflecting a 2.2% increase in returns based on the current median price in SUMMER HILL.
SUMMER HILL, 2130 ranks 1220th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1018th on the list of best yielding suburbs for rental properties in NSW, posting a 2.2% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,651,750 | $735,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.11% | -1.67% |
| Median 12 month | -2.26% | -3.92% |
| Median 3 years | 3.56% | -13.53% |
| Median 5 years | 10.12% | 0.68% |
| 10 years average annual | 6.56% | 5.11% |
| Weekly media advert. rent | $700 | $450 |
| Time on Market | 66.9 days | 38.6 days |
| Gross Rental Yield Percent | 2.2% | 3.18% |
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