Property investors in RAMSGATE enjoyed capital gains of 10.84% over the last 12 months translating to lower returns compared with its peers in the territory.
RAMSGATE posted a 17.74% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $590 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $590 mark, reflecting a 4.06% increase in returns based on the current median price in RAMSGATE.
RAMSGATE, 2217 ranks 194th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
RAMSGATE ranks 267th on the list of best yielding suburbs for rental properties in NSW, posting a 4.06% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||10.84%|
|Median 3 years||N/A||17.74%|
|Median 5 years||N/A||N/A|
|10 years average annual||N/A||7.99%|
|Weekly media advert. rent||N/A||$590|
|Time on Market||N/A||99.0 days|
|Gross Rental Yield Percent||N/A||4.06%|