Property investments in SHOAL BAY fare well against the rest of the country last year, registering a median home price increase of 4.31%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains SHOAL BAY, 2315 saw average growth in the long term.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 91.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $599,500.
SHOAL BAY ranks 685th on the list of best yielding suburbs for rental properties in NSW, posting a 3.3% return.
Profits due to an upward trend in home prices in SHOAL BAY, 2315 averaged 5.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $337.5 mark, reflecting a 3.66% increase in returns based on the current median price in SHOAL BAY.
An average of 5.17 real estate transactions take place per month in SHOAL BAY which translates to 62 per annum.
62 properties were sold in SHOAL BAY during the past year, making it the 85th most active market in NSW based on total real estate transactions.
SHOAL BAY, 2315 places 152nd in Australia based on median property value growth during the quarter.
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