Diamond Beach

POSTAL CODE: NSW, 2430

HOUSE

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 $911,250.

The upward trend in home prices in DIAMOND BEACH, 2430 averaged 8.3% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 3.54% 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 759th most active market in NSW based on total real estate transactions.

DIAMOND BEACH, 2430 places 347th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$911,250	N/A
Growth Report
Median Quarterly	4.14%	N/A
Median 12 month	4.14%	N/A
Median 3 years	24.91%	N/A
Median 5 years	82.62%	N/A
10 years average annual	5.88%	N/A
Weekly media advert. rent	$620	N/A
Time on Market	84.9 days	N/A
Gross Rental Yield Percent	3.54%	N/A

Demographics (Median Values)*

Total Population 34018

Weekly Household Income 913

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1309

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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