Investors Flock To QLD As Vacancy Rates Stay Ridiculously Low
Showcasing the popularity of Queensland as an investor haven, new investor loan commitments in the state reached $1.86 b...
UMINA BEACH, 2257 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling UMINA BEACH, 2257 values up and netting property investors a capital gain of 18.98% for the past year.
Investors saw the median home price rise to $877,500.
Profits due to an upward trend in home prices in the suburb averaged 6.14% per annum over a 3-year period.
UMINA BEACH now ranks at the 734th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in UMINA BEACH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In UMINA BEACH, homes and units usually stay on listing for an average of 42.5 days.
In 2016, 332 properties were sold in UMINA BEACH during the past year, making it the 636th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.98%||16.26%|
|Median 3 years||18.42%||22.22%|
|Median 5 years||46.25%||43%|
|10 years average annual||9.29%||8.83%|
|Weekly media advert. rent||$450||$430|
|Time on Market||42.5 days||47.3 days|
|Gross Rental Yield Percent||2.67%||3.13%|