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Boomerang Beach

Suburb Profile

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

house
unit

BOOMERANG BEACH, 2428 ranks 1st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 142.7% 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 $665,000.

The upward trend in home prices in BOOMERANG BEACH, 2428 averaged 6.97% 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 1.5 real estate transactions take place per month in BOOMERANG BEACH which translates to 18 per annum.

18 properties were sold in BOOMERANG BEACH in 2016, making it the 952nd most active market in NSW based on total real estate transactions.

BOOMERANG BEACH, 2428 places 1234th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $665,000 $475,000
GROWTH REPORT
Median Quarterly -21.53% N/A
Median 12 month 142.7% N/A
Median 3 years 20.91% 25.83%
Median 5 years N/A 27.62%
10 years average annual 18.22% 3.21%
Weekly media advert. rent N/A $325
Time on Market 0.0 days 0.0 days
Gross Rental Yield Percent N/A 3.56%
demographics (median values)
Total Population
284
Weekly Household Income
919.4
Household Size
2.50
demographics
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