Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $592,500.
The upward trend in home prices in DIAMOND BEACH, 2430 averaged 9.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.51% increase in returns based on the current median price in DIAMOND BEACH.
An average of 2.17 real estate transactions take place per month in DIAMOND BEACH which translates to 26 per annum.
26 properties were sold in DIAMOND BEACH in 2016, making it the 764th most active market in NSW based on total real estate transactions.
DIAMOND BEACH, 2430 places 62nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $592,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.23% | N/A |
| Median 12 month | 8.22% | N/A |
| Median 3 years | 27.69% | N/A |
| Median 5 years | 71.74% | N/A |
| 10 years average annual | 9.73% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 119.1 days | N/A |
| Gross Rental Yield Percent | 3.51% | N/A |
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
One major bank has found a spike in confidence of a fresh group of property buyers in Australia. ...
One of the nation’s biggest lenders has adjusted its loan serviceability conditions in response to guidance from the banking regulator. ...
It seems that not a day goes by without a story in the media about apartment blocks in Sydney. Whether it be cracks, poor waterproofing or t...
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
One of the big four banks has updated its forecasts for the housing market and when it expects the downward cycle will hit its floor. ...
Get notifications in real-time for staying up to date with content that matters to you.