Property investors have seen a 2.67% gain in SALAMANDER BAY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SALAMANDER BAY, 2317 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $615,000
Profits averaged 7.67% per annum over a 3-year period, due to an upward trend in home prices in SALAMANDER BAY, 2317.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in SALAMANDER BAY, 2317 is 3.8%.
An average of 8.83 real estate transactions take place per month in SALAMANDER BAY which translates to 106 per annum.
Property investments in SALAMANDER BAY fare well against the rest of the country last year, registering a median home price increase of 9.27%.
Figures from the previous quarter show that capital gains for real estate buyers in SALAMANDER BAY are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $385 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SALAMANDER BAY, homes and units usually stay on listing for an average of 50.6 days.
the NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $395,000
Investors saw the median home price rise to $395,000.
SALAMANDER BAY ranks 73rd on the list of best yielding suburbs for rental properties in NSW, posting a 5.07% return.
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