How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
Property investors enjoyed capital gains of 15.18% over the last 12 months in CHITTAWAY BAY, 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 6.26% growth over a ten-year period. It ranks 767th on our list of suburbs that property investors should look into.
CHITTAWAY BAY, 2261 has a capital gain of 15.18% for the past year, which is higher than average compared to its 30% growth within a five-year period.
With the median home price in CHITTAWAY BAY sitting at $656,500, and the average rent at $500, property owners could potentially earn a 3.96% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CHITTAWAY BAY are high, as opposed to average gains per annum over the past five years.
CHITTAWAY BAY, 2261 in NSW belongs to the local government area of Central Coast (C) (NSW).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.18%||N/A|
|Median 3 years||4.09%||N/A|
|Median 5 years||30%||N/A|
|10 years average annual||6.26%||N/A|
|Weekly media advert. rent||$500||N/A|
|Time on Market||33.9 days||N/A|
|Gross Rental Yield Percent||3.96%||N/A|