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Ramsgate
AREA REPORTS

Ramsgate

Ramsgate - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2217

house
unit

Homeowners and real estate investors betting on RAMSGATE, 2217 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 20.73%.

Property investors in RAMSGATE enjoyed capital gains of 20.73% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $1,625,000.

Profits due to an upward trend in home prices there averaged 12.77% per annum over a 3-year period.

Home owners selling their properties and realtors in RAMSGATE usually have to wait an average of 0.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $660 mark, reflecting a 2.11% increase in returns based on the current median price in RAMSGATE.

RAMSGATE, 2217 places 78th in Australia based on median property value growth during the quarter.

Data report can be found below

Ramsgate
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,625,000 $740,000
GROWTH REPORT
Median Quarterly 16.49% 1.65%
Median 12 month 20.73% 7.25%
Median 3 years 38.3% 3.06%
Median 5 years N/A 5.71%
10 years average annual 11.67% 2.07%
Weekly media advert. rent $660 $510
Time on Market 0.0 days 105.7 days
Gross Rental Yield Percent 2.11% 3.58%
demographics (median values)*
Total Population
26843
Weekly Household Income
1612
Household Size
2.70
Age
35
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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