Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
Property investors enjoyed capital gains of 30% over the last 12 months in BOOKER BAY, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 10.96% growth over a ten-year period. It ranks 3382nd on our list of suburbs that property investors should look into.
BOOKER BAY, 2257 has a capital gain of 30% for the past year, which is higher than average compared to its 48.57% growth within a five-year period.
With the median home price in BOOKER BAY sitting at $1,040,000, and the average rent at $480, property owners could potentially earn a 2.4% increase in gross rental yield.
A 30% increase in median property prices in BOOKER BAY, 2257 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 73rd.
Figures from the previous quarter show that capital gains for real estate buyers in BOOKER BAY are high, as opposed to average gains per annum over the past five years.
BOOKER BAY, 2257 in NSW belongs to the local government area of Central Coast (C) (NSW).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30%||18.18%|
|Median 3 years||28.4%||16.8%|
|Median 5 years||48.57%||46.57%|
|10 years average annual||10.96%||10.63%|
|Weekly media advert. rent||$480||$380|
|Time on Market||32.9 days||76.1 days|
|Gross Rental Yield Percent||2.4%||2.64%|