Property investments in GYMEA BAY did not fare well against the rest of the country last year, registering a median home price decrease of 11.05%.
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 $1250 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 44.6 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 $2,110,000.
GYMEA BAY ranks 647th on the list of best yielding suburbs for rental properties in NSW, posting a 3.08% return.
Based on its average 5-year and quarterly capital gains GYMEA BAY, 2227 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in GYMEA BAY, 2227 averaged 4.76% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in GYMEA BAY.
An average of 2.25 real estate transactions take place per month in GYMEA BAY which translates to 27 per annum.
27 properties were sold in GYMEA BAY during the past year, making it the 299th most active market in NSW based on total real estate transactions.
GYMEA BAY, 2227 places 236th in Australia based on median property value growth during the quarter.