Property investors in RAMSGATE enjoyed capital gains of 7.09% over the last 12 months translating to lower returns compared with its peers in the territory.
RAMSGATE posted a 18.9% 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 $600 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $600 mark, reflecting a 4.13% increase in returns based on the current median price in RAMSGATE.
RAMSGATE, 2217 ranks 107th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
RAMSGATE ranks 242nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.13% return.
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