Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
Property investments in GYMEA BAY fare well against the rest of the country last year, registering a median home price increase of 4.55%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains GYMEA BAY, 2227 saw average growth in the long term.
Real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 68.9 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,333,000.
GYMEA BAY ranks 590th on the list of best yielding suburbs for rental properties in NSW, posting a 3.32% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.55%||24.06%|
|Median 3 years||-8.07%||0.87%|
|Median 5 years||9.26%||27.33%|
|10 years average annual||5.1%||6.42%|
|Weekly media advert. rent||$850||N/A|
|Time on Market||68.9 days||0.0 days|
|Gross Rental Yield Percent||3.32%||N/A|