Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investments in RAMSGATE BEACH fare well against the rest of the country last year, registering a median home price increase of 8.98%.
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 $470 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 55.7 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 $895,000
Investors saw the median home price rise to $895,000.
RAMSGATE BEACH ranks 528th on the list of best yielding suburbs for rental properties in NSW, posting a 2.73% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||8.98%|
|Median 3 years||N/A||4.8%|
|Median 5 years||N/A||-21.15%|
|10 years average annual||N/A||7.5%|
|Weekly media advert. rent||N/A||$470|
|Time on Market||N/A||55.7 days|
|Gross Rental Yield Percent||N/A||2.73%|