Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a 2.77% 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 $842,750
Profits averaged 11.98% 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 $485 based on current median home prices for the suburb.
The gross rental yield in CAVES BEACH, 2281 is 2.99%.
An average of 7.58 real estate transactions take place per month in CAVES BEACH which translates to 91 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $842,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.77% | N/A |
| Median 12 month | 6.68% | N/A |
| Median 3 years | 35.93% | N/A |
| Median 5 years | 43.08% | N/A |
| 10 years average annual | 8.09% | N/A |
| Weekly media advert. rent | $485 | N/A |
| Time on Market | 64.6 days | N/A |
| Gross Rental Yield Percent | 2.99% | N/A |
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