BATEAU BAY, 2261 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 BATEAU BAY, 2261 values up and netting property investors a capital gain of 11.56% for the past year.
Investors saw the median home price rise to $695,000.
Profits due to an upward trend in home prices in the suburb averaged 11.56% per annum over a 3-year period.
BATEAU BAY now ranks at the 835th 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 BATEAU BAY 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 $460 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 BATEAU BAY, homes and units usually stay on listing for an average of 49.6 days.
In 2016, 206 properties were sold in BATEAU BAY during the past year, making it the 890th most active market in NSW based on total real estate transactions.
BATEAU BAY ranks 293rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
BATEAU BAY, 2261 has a capital gain of -2.27% for the past year, which is lower than average compared to its 63.81% growth within a five-year period.
With the median home price in BATEAU BAY sitting at $430,000, and the average rent at $385, property owners could potentially earn a 4.66% increase in gross rental yield.
Property investors have seen a -3.91% drop in BATEAU BAY based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that BATEAU BAY, 2261 obtained a 8.53% growth over a ten-year period. It ranks 90th on our list of suburbs that property investors should look into.