Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
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 6.19% growth over a ten-year period. It ranks 1170th 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 -4.74% for the past year, which is lower than average compared to its 26.28% growth within a five-year period.
With the median home price in CAREY BAY sitting at $492,500, and the average rent at $470, property owners could potentially earn a 4.96% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $492,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.76% | N/A |
| Median 12 month | -4.74% | N/A |
| Median 3 years | 9.44% | N/A |
| Median 5 years | 26.28% | N/A |
| 10 years average annual | 6.19% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 76.4 days | N/A |
| Gross Rental Yield Percent | 4.96% | N/A |
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