COVID-19 pandemic may create a ‘two-speed rental market’
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
Property investors have seen a 2.35% gain in CAVES BEACH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CAVES BEACH, 2281 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.25%.
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 $870,000
Profits averaged 6.12% 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 $477.5 based on current median home prices for the suburb.
The gross rental yield in CAVES BEACH, 2281 is 2.85%.
An average of 4.75 real estate transactions take place per month in CAVES BEACH which translates to 57 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $870,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.35% | N/A |
| Median 12 month | 11.25% | N/A |
| Median 3 years | 18.37% | N/A |
| Median 5 years | 45% | N/A |
| 10 years average annual | 6.37% | N/A |
| Weekly media advert. rent | $477.5 | N/A |
| Time on Market | 125.4 days | N/A |
| Gross Rental Yield Percent | 2.85% | N/A |
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