Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a 4.21% gain in BELLA VISTA based on an increase 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 $1,672,500
Profits averaged 4.34% per annum over a 3-year period, due to an upward trend in home prices in BELLA VISTA, 2153.
This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.
The gross rental yield in BELLA VISTA, 2153 is 2.43%.
An average of 6.67 real estate transactions take place per month in BELLA VISTA which translates to 80 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,672,500 | $755,300 |
| GROWTH REPORT | ||
| Median Quarterly | 4.21% | -8.31% |
| Median 12 month | 9.18% | -12.17% |
| Median 3 years | 13.01% | -19.09% |
| Median 5 years | 39.84% | 26.94% |
| 10 years average annual | 8.36% | 4.18% |
| Weekly media advert. rent | $780 | $650 |
| Time on Market | 58.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.43% | 4.48% |
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