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Gymea Bay
AREA REPORTS

Gymea Bay

Gymea Bay - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2227

house
unit

Property investments in GYMEA BAY fare well against the rest of the country last year, registering a median home price increase of 23.19%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 71.8 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 $1,700,000.

GYMEA BAY ranks 832nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.6% return.

Data report can be found below

Gymea Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,700,000 $1,257,000
GROWTH REPORT
Median Quarterly 18.06% 0%
Median 12 month 23.19% 14.79%
Median 3 years 25.93% N/A
Median 5 years 35.35% 34.08%
10 years average annual 7.86% 14.31%
Weekly media advert. rent $850 N/A
Time on Market 71.8 days 0.0 days
Gross Rental Yield Percent 2.6% N/A
demographics (median values)*
Total Population
14626
Weekly Household Income
2051
Household Size
2.70
Age
40
Monthly Loan Repayment
2574
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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