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2 MIN READNAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
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Boomerang BeachBoomerang Beach - SUBURB PROFILE REPORT
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BOOMERANG BEACH, 2428 ranks 615th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.17% for property investors.
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 $792,500.
The upward trend in home prices in BOOMERANG BEACH, 2428 averaged 9.62% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BOOMERANG BEACH.
An average of 2.42 real estate transactions take place per month in BOOMERANG BEACH which translates to 29 per annum.
29 properties were sold in BOOMERANG BEACH in 2016, making it the 708th most active market in NSW based on total real estate transactions.
BOOMERANG BEACH, 2428 places 34th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $792,500 | $627,500 |
| GROWTH REPORT | ||
| Median Quarterly | 19.17% | 8.19% |
| Median 12 month | 19.17% | 37.16% |
| Median 3 years | 28.86% | 45.09% |
| Median 5 years | 46.76% | 71.92% |
| 10 years average annual | 18.38% | 13.2% |
| Weekly media advert. rent | N/A | $345 |
| Time on Market | 88.6 days | 0.0 days |
| Gross Rental Yield Percent | N/A | 2.86% |
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