How will the latest lockdowns impact Melbourne’s property market?
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.93% growth over a ten-year period. It ranks 1143rd on our list of suburbs that property investors should look into.
CHITTAWAY BAY, 2261 has a capital gain of -3.39% for the past year, which is lower than average compared to its 30.29% growth within a five-year period.
With the median home price in CHITTAWAY BAY sitting at $570,000, and the average rent at $450, property owners could potentially earn a 4.11% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CHITTAWAY BAY are low, 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 Price | $570,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -3.39% | N/A |
| Median 3 years | 3.45% | N/A |
| Median 5 years | 30.29% | N/A |
| 10 years average annual | 5.93% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 41.2 days | N/A |
| Gross Rental Yield Percent | 4.11% | N/A |
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