NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,070,000.
The upward trend in home prices in SHELLY BEACH, 2261 averaged 12.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 2.43% increase in returns based on the current median price in SHELLY BEACH.
An average of 2 real estate transactions take place per month in SHELLY BEACH which translates to 24 per annum.
24 properties were sold in SHELLY BEACH in 2016, making it the 809th most active market in NSW based on total real estate transactions.
SHELLY BEACH, 2261 places 459th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.04%||N/A|
|Median 3 years||37.18%||N/A|
|Median 5 years||63.36%||N/A|
|10 years average annual||9.31%||N/A|
|Weekly media advert. rent||$500||N/A|
|Time on Market||51.2 days||N/A|
|Gross Rental Yield Percent||2.43%||N/A|