$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
Property investors enjoyed capital gains of 41.59% over the last 12 months in NORTH AVOCA, 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 9.07% growth over a ten-year period. It ranks 61st on our list of suburbs that property investors should look into.
NORTH AVOCA, 2260 has a capital gain of 41.59% for the past year, which is higher than average compared to its 60% growth within a five-year period.
With the median home price in NORTH AVOCA sitting at $1,400,000, and the average rent at $600, property owners could potentially earn a 2.23% increase in gross rental yield.
A 41.59% increase in median property prices in NORTH AVOCA, 2260 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 7th.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH AVOCA are low, as opposed to average gains per annum over the past five years.
NORTH AVOCA, 2260 in NSW belongs to the local government area of Central Coast (C) (NSW).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.69% | N/A |
| Median 12 month | 41.59% | N/A |
| Median 3 years | 40.35% | N/A |
| Median 5 years | 60% | N/A |
| 10 years average annual | 9.07% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 45.1 days | N/A |
| Gross Rental Yield Percent | 2.23% | N/A |
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