Rental rates record decade-high rise in December
The rental market finished the year strong, with December clocking the largest monthly increase in rental rates since 2010, as the regions c...
Based on its average 5-year and quarterly capital gains CAREY BAY, 2283 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CAREY BAY, 2283 obtained a 7.91% growth over a ten-year period. It ranks 221st on our list of suburbs that property investors should look into.
CAREY BAY, 2283 in NSW belongs to the local government area of Lake Macquarie (C).
CAREY BAY, 2283 has a capital gain of 31.98% for the past year, which is higher than average compared to its 44.44% growth within a five-year period.
With the median home price in CAREY BAY sitting at $650,000, and the average rent at $425, property owners could potentially earn a 3.4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CAREY BAY are low, as opposed to average gains per annum over the past five years.
A 31.98% increase in median property prices in CAREY BAY, 2283 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 34th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.76% | N/A |
| Median 12 month | 31.98% | N/A |
| Median 3 years | -1.52% | N/A |
| Median 5 years | 44.44% | N/A |
| 10 years average annual | 7.91% | N/A |
| Weekly media advert. rent | $425 | N/A |
| Time on Market | 66.3 days | N/A |
| Gross Rental Yield Percent | 3.4% | N/A |
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