Property News You Need To Know: The Week Ending 19 September
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Property investors enjoyed capital gains of 23.86% over the last 12 months in SAN REMO, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SAN REMO are high, as opposed to average gains per annum over the past five years.
The suburb posted a 14.74% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 3.82% increase in returns based on the current median price in SAN REMO.
SAN REMO, 2262 ranks 242nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 361st on the list of best yielding suburbs for rental properties in NSW, posting a 3.82% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.86%||N/A|
|Median 3 years||14.74%||N/A|
|Median 5 years||43.42%||N/A|
|10 years average annual||8.4%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||37.5 days||N/A|
|Gross Rental Yield Percent||3.82%||N/A|