How to refinance a rental property
There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...
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 $690,000.
The upward trend in home prices in BOOMERANG BEACH, 2428 averaged 4.37% 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 1.83 real estate transactions take place per month in BOOMERANG BEACH which translates to 22 per annum.
22 properties were sold in BOOMERANG BEACH in 2016, making it the 837th most active market in NSW based on total real estate transactions.
BOOMERANG BEACH, 2428 places 342nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.76% | -1.64% |
| Median 12 month | N/A | N/A |
| Median 3 years | 13.11% | -10.89% |
| Median 5 years | N/A | N/A |
| 10 years average annual | 47.69% | 19.64% |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 93.7 days | 0.0 days |
| Gross Rental Yield Percent | N/A | N/A |
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