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Ramsgate Beach
AREA REPORTS

Ramsgate Beach

Ramsgate Beach - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2217

unit

Property investments in RAMSGATE BEACH fare well against the rest of the country last year, registering a median home price increase of 11.21%.

Figures from the previous quarter show that capital gains for real estate buyers in RAMSGATE BEACH are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains RAMSGATE BEACH, 2217 saw average growth in the long term.

This means, real estate investors could earn a rental income of $465 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In RAMSGATE BEACH, homes and units usually stay on listing for an average of 71.9 days.

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 $873,000

Investors saw the median home price rise to $873,000.

RAMSGATE BEACH ranks 534th on the list of best yielding suburbs for rental properties in NSW, posting a 2.77% return.

Data report can be found below

Ramsgate Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $873,000
GROWTH REPORT
Median Quarterly N/A 2.71%
Median 12 month N/A 11.21%
Median 3 years N/A 3.8%
Median 5 years N/A -25.22%
10 years average annual N/A 7.75%
Weekly media advert. rent N/A $465
Time on Market N/A 71.9 days
Gross Rental Yield Percent N/A 2.77%
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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