Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Property investors have seen a -1.5% 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 $820,000
Profits averaged 6.28% 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 3.04%.
An average of 4.5 real estate transactions take place per month in CAVES BEACH which translates to 54 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | $780,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.5% | N/A |
| Median 12 month | -2.7% | N/A |
| Median 3 years | 18.84% | 38.05% |
| Median 5 years | 41.99% | 78.29% |
| 10 years average annual | 8.5% | 7.11% |
| Weekly media advert. rent | $480 | $399.5 |
| Time on Market | 113.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.04% | 2.66% |
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