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 13.85% for the past year.
Investors saw the median home price rise to $740,000.
Profits due to an upward trend in home prices in the suburb averaged 15.51% per annum over a 3-year period.
UMINA BEACH now ranks at the 740th 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 67.5 days.
In 2016, 311 properties were sold in UMINA BEACH during the past year, making it the 645th most active market in NSW based on total real estate transactions.
UMINA BEACH ranks 160th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
UMINA BEACH, 2257 has a capital gain of 13.95% for the past year, which is lower than average compared to its 83.82% growth within a five-year period.
UMINA BEACH, 2257 ranks 295th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.95% for property investors last year.
With the median home price in UMINA BEACH sitting at $625,000, and the average rent at $430, property owners could potentially earn a 3.58% increase in gross rental yield.
Property investors have seen a 3.31% gain in UMINA BEACH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on UMINA BEACH, 2257 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.95%.
A survey of average capital gains or median home price increase in suburbs across the country shows that UMINA BEACH, 2257 obtained a 7.65% growth over a ten-year period. It ranks 206th on our list of suburbs that property investors should look into.