Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors have seen a -1.06% drop in BELLA VISTA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BELLA VISTA, 2153 saw average growth in the long term.
The NSW suburb 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 $1,545,000
Profits averaged -3.67% per annum over a 3-year period, due to an downward trend in home prices in BELLA VISTA, 2153.
This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
The gross rental yield in BELLA VISTA, 2153 is 2.52%.
An average of 8.83 real estate transactions take place per month in BELLA VISTA which translates to 106 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,545,000 | $902,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.06% | 0% |
| Median 12 month | -4.63% | 9.5% |
| Median 3 years | -11% | -11.18% |
| Median 5 years | 14.44% | N/A |
| 10 years average annual | 6.45% | 25.53% |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 59.3 days | 0.0 days |
| Gross Rental Yield Percent | 2.52% | N/A |
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