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7 MIN READMidyear State Of Affairs: A Closer Look At The Country’s Markets
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RamsgateRamsgate - SUBURB PROFILE REPORT
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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.
| 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% |
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