NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Based on its average 5-year and quarterly capital gains FERN BAY, 2295 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 FERN BAY, 2295 obtained a 6.64% growth over a ten-year period. It ranks 874th on our list of suburbs that property investors should look into.
FERN BAY, 2295 in NSW belongs to the local government area of Port Stephens (A).
FERN BAY, 2295 has a capital gain of 8.6% for the past year, which is lower than average compared to its 99.59% growth within a five-year period.
With the median home price in FERN BAY sitting at $738,500, and the average rent at $550, property owners could potentially earn a 3.87% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FERN BAY are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.6%||N/A|
|Median 3 years||18.16%||N/A|
|Median 5 years||99.59%||N/A|
|10 years average annual||6.64%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||50.3 days||N/A|
|Gross Rental Yield Percent||3.87%||N/A|