Boomerang Beach

POSTAL CODE: NSW, 2428

HOUSE

UNIT

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 $1,290,000.

The upward trend in home prices in BOOMERANG BEACH, 2428 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in BOOMERANG BEACH.

An average of 1.08 real estate transactions take place per month in BOOMERANG BEACH which translates to 13 per annum.

13 properties were sold in BOOMERANG BEACH in 2016, making it the 1237th most active market in NSW based on total real estate transactions.

BOOMERANG BEACH, 2428 places 1266th in Australia based on median property value growth during the quarter.

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 $714,500.

Investors saw the median home price rise to $714,500.

The upward trend in home prices in BOOMERANG BEACH, 2428 averaged 0% per annum over a 3-year period.

BOOMERANG BEACH now ranks at the 555th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BOOMERANG BEACH are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of N/A 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 BOOMERANG BEACH, homes and units usually stay on listing for an average of N/A.

10 properties were sold in BOOMERANG BEACH in 2016, making it the 641st most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,290,000	$714,500
Growth Report
Median Quarterly	-7.86%	-14.17%
Median 12 month	-8.83%	0%
Median 3 years	0%	0%
Median 5 years	75.51%	23.19%
10 years average annual	15.89%	17.11%
Weekly media advert. rent	N/A	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	0%

Demographics (Median Values)*

Total Population 24009

Weekly Household Income 832

Household Size 2.10

Average Age 56

Monthly Loan Repayment 1400

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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