‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 8.81% 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 7.5% growth over a ten-year period. It ranks 748th on our list of suburbs that property investors should look into.
CHITTAWAY BAY, 2261 has a capital gain of 8.81% for the past year, which is lower than average compared to its 62.5% growth within a five-year period.
With the median home price in CHITTAWAY BAY sitting at $617,500, and the average rent at $490, property owners could potentially earn a 4.13% 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 Wyong.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $617,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.85% | N/A |
| Median 12 month | 8.81% | N/A |
| Median 3 years | 37.83% | N/A |
| Median 5 years | 62.5% | N/A |
| 10 years average annual | 7.5% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 42.0 days | N/A |
| Gross Rental Yield Percent | 4.13% | N/A |
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