Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
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 $861,250.
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 1.33 real estate transactions take place per month in BOOMERANG BEACH which translates to 16 per annum.
16 properties were sold in BOOMERANG BEACH in 2016, making it the 1021st most active market in NSW based on total real estate transactions.
BOOMERANG BEACH, 2428 places 1st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $861,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 85.61% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -9.34% | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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