Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors have seen a -2.75% drop in CAVES BEACH based on a decrease 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 $885,000
Profits averaged 4.56% 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 $535 based on current median home prices for the suburb.
The gross rental yield in CAVES BEACH, 2281 is 3.14%.
An average of 5.5 real estate transactions take place per month in CAVES BEACH which translates to 66 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $885,000 | $723,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.75% | N/A |
| Median 12 month | 6.31% | N/A |
| Median 3 years | 13.68% | 24.87% |
| Median 5 years | 43.32% | 35.14% |
| 10 years average annual | 6.47% | 10.83% |
| Weekly media advert. rent | $535 | $402.5 |
| Time on Market | 103.0 days | 0.0 days |
| Gross Rental Yield Percent | 3.14% | 2.89% |
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