Property investments in SHOAL BAY fare well against the rest of the country last year, registering a median home price increase of 7.62%.
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 98.5 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 $600,000.
SHOAL BAY ranks 679th on the list of best yielding suburbs for rental properties in NSW, posting a 3.29% return.
SHOAL BAY, 2315 ranks 203rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.13% for property investors last year.
Profits due to an upward trend in home prices in SHOAL BAY, 2315 averaged 6.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 3.56% increase in returns based on the current median price in SHOAL BAY.
An average of 6.08 real estate transactions take place per month in SHOAL BAY which translates to 73 per annum.
73 properties were sold in SHOAL BAY during the past year, making it the 57th most active market in NSW based on total real estate transactions.
SHOAL BAY, 2315 places 78th in Australia based on median property value growth during the quarter.
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