Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
Property investors have seen a 2.74% gain in CAVES BEACH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CAVES BEACH, 2281 saw average growth in the long term.
The NSW 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 $842,500
Profits averaged 6.22% per annum over a 3-year period, due to an upward trend in home prices in CAVES BEACH, 2281.
This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in CAVES BEACH, 2281 is 2.96%.
An average of 4.42 real estate transactions take place per month in CAVES BEACH which translates to 53 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $842,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.74% | N/A |
| Median 12 month | 2.74% | N/A |
| Median 3 years | 18.66% | N/A |
| Median 5 years | 42.43% | N/A |
| 10 years average annual | 7.43% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 104.9 days | N/A |
| Gross Rental Yield Percent | 2.96% | N/A |
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