Property News You Need To Know: The Week Ending 19 September
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DIAMOND BEACH, 2430 ranks 405th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.47% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $529,000.
The downward trend in home prices in DIAMOND BEACH, 2430 averaged -0.53% 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 DIAMOND BEACH.
An average of 3.08 real estate transactions take place per month in DIAMOND BEACH which translates to 37 per annum.
37 properties were sold in DIAMOND BEACH in 2016, making it the 574th most active market in NSW based on total real estate transactions.
DIAMOND BEACH, 2430 places 1231st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.47%||N/A|
|Median 3 years||-1.58%||N/A|
|Median 5 years||14.01%||N/A|
|10 years average annual||6.34%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||87.1 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|