‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $430,000.
The upward trend in home prices in CANTON BEACH, 2263 averaged 2.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $365 mark, reflecting a 4.41% increase in returns based on the current median price in CANTON BEACH.
An average of 1 real estate transactions take place per month in CANTON BEACH which translates to 12 per annum.
12 properties were sold in CANTON BEACH in 2016, making it the 1209th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -19.1% | N/A |
| Median 3 years | 8.04% | N/A |
| Median 5 years | 29.52% | N/A |
| 10 years average annual | 6.22% | N/A |
| Weekly media advert. rent | $365 | N/A |
| Time on Market | 95.9 days | N/A |
| Gross Rental Yield Percent | 4.41% | N/A |
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