Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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 40.93% for the past year.
Investors saw the median home price rise to $1,095,000.
Profits due to an upward trend in home prices in the suburb averaged 17.01% per annum over a 3-year period.
UMINA BEACH now ranks at the 189th 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 $490 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 33.5 days.
In 2016, 304 properties were sold in UMINA BEACH during the past year, making it the 698th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||40.93%||16.02%|
|Median 3 years||51.03%||28.02%|
|Median 5 years||77.54%||44.17%|
|10 years average annual||12.45%||9.32%|
|Weekly media advert. rent||$490||$450|
|Time on Market||33.5 days||38.9 days|
|Gross Rental Yield Percent||2.33%||3.15%|