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Boomerang Beach
AREA REPORTS

Boomerang Beach

Boomerang Beach - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2428

house
unit

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.

Data report can be found below

Boomerang Beach
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%
demographics (median values)*
Total Population
24009
Weekly Household Income
832
Household Size
2.10
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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