Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $697,500.
The upward trend in home prices in BOAT HARBOUR, 2316 averaged 18.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 3.95% increase in returns based on the current median price in BOAT HARBOUR.
An average of 2.75 real estate transactions take place per month in BOAT HARBOUR which translates to 33 per annum.
33 properties were sold in BOAT HARBOUR in 2016, making it the 624th most active market in NSW based on total real estate transactions.
BOAT HARBOUR, 2316 places 1060th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $697,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.36% | N/A |
| Median 12 month | 12.5% | N/A |
| Median 3 years | 55% | N/A |
| Median 5 years | 53.3% | N/A |
| 10 years average annual | 2.48% | N/A |
| Weekly media advert. rent | $530 | N/A |
| Time on Market | 107.1 days | N/A |
| Gross Rental Yield Percent | 3.95% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...