$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Based on its average 5-year and quarterly capital gains NORTH ARM COVE, 2324 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 NORTH ARM COVE, 2324 obtained a 6.58% growth over a ten-year period. It ranks 738th on our list of suburbs that property investors should look into.
NORTH ARM COVE, 2324 in NSW belongs to the local government area of Mid-Coast (A).
NORTH ARM COVE, 2324 has a capital gain of 17.57% for the past year, which is higher than average compared to its 5.45% growth within a five-year period.
With the median home price in NORTH ARM COVE sitting at $435,000, and the average rent at $370, property owners could potentially earn a 4.42% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH ARM COVE are high, as opposed to average gains per annum over the past five years.
A 17.57% increase in median property prices in NORTH ARM COVE, 2324 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 82nd.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $435,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 19.18% | N/A |
| Median 12 month | 17.57% | N/A |
| Median 3 years | -24.02% | N/A |
| Median 5 years | 5.45% | N/A |
| 10 years average annual | 6.58% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
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