Hot Property: The biggest stories this week
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Property investors have seen a 0% gain in Greenhills Beach based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains Greenhills Beach, 2230 saw average growth in the long term.
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 $2,180,000
Profits averaged 0.47% per annum over a 3-year period, due to an upward trend in home prices in Greenhills Beach, 2230.
This means, real estate investors could earn a rental income of $1300 based on current median home prices for the suburb.
The gross rental yield in Greenhills Beach, 2230 is 3.1%.
An average of 1.42 real estate transactions take place per month in Greenhills Beach which translates to 17 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,180,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -1.67% | N/A |
| Median 3 years | 1.4% | N/A |
| Median 5 years | 22.82% | N/A |
| 10 years average annual | 11.16% | N/A |
| Weekly media advert. rent | $1300 | N/A |
| Time on Market | 106.8 days | N/A |
| Gross Rental Yield Percent | 3.1% | N/A |
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