Property investors enjoyed capital gains of 10.95% over the last 12 months in ETTALONG BEACH, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in ETTALONG BEACH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 46.15% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
On average, rents on listings have reached the $430 mark, reflecting a 2.94% increase in returns based on the current median price in ETTALONG BEACH.
ETTALONG BEACH, 2257 ranks 415th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 853rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.94% return.
Property investors have seen a 3.49% gain in ETTALONG BEACH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ETTALONG BEACH, 2257 saw average growth in the long term.
ETTALONG BEACH, 2257 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 $592,500.
Profits due to an upward trend in home prices in ETTALONG BEACH, 2257 averaged 10.56% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in ETTALONG BEACH, 2257 is 3.69%.
An average of 8 real estate transactions take place per month in ETTALONG BEACH which translates to 96 per annum.
great article Cate Bakos!
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