‘Zero spread’ opens up property-buying opportunities
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Figures from the previous quarter show that capital gains for real estate buyers in SAN REMO are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $374 based on current median home prices for the suburb.
On average, rents on listings have reached the $374 mark, reflecting a 4.5% increase in returns based on the current median price in SAN REMO.
SAN REMO, 2262 ranks 853rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 288th on the list of best yielding suburbs for rental properties in NSW, posting a 4.5% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $432,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.46% | N/A |
| Median 12 month | -8.47% | N/A |
| Median 3 years | 12.34% | N/A |
| Median 5 years | 41.8% | N/A |
| 10 years average annual | 6.75% | N/A |
| Weekly media advert. rent | $374 | N/A |
| Time on Market | 65.8 days | N/A |
| Gross Rental Yield Percent | 4.5% | N/A |
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