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Avoca Beach
AREA REPORTS

Avoca Beach

Avoca Beach - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2251

house
unit

Property investments in AVOCA BEACH fare well against the rest of the country last year, registering a median home price increase of 15.53%.

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 AVOCA BEACH, 2251 saw average growth in the long term.

Real estate investors could earn a rental income of $700 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 33.5 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 $1,190,000.

AVOCA BEACH ranks 726th on the list of best yielding suburbs for rental properties in NSW, posting a 3.06% return.

Data report can be found below

Avoca Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,190,000 $906,000
GROWTH REPORT
Median Quarterly 4.66% 0.67%
Median 12 month 15.53% 4.74%
Median 3 years 29.7% 22.02%
Median 5 years 48.75% 41.56%
10 years average annual 7.19% 4.94%
Weekly media advert. rent $700 $520
Time on Market 33.5 days 68.0 days
Gross Rental Yield Percent 3.06% 2.98%
demographics (median values)*
Total Population
32702
Weekly Household Income
1397
Household Size
2.60
Age
44
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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