Property investment areas to watch and avoid in 2019
Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...
DIAMOND BEACH, 2430 ranks 145th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.03% 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 $690,000.
The upward trend in home prices in DIAMOND BEACH, 2430 averaged 31.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $455 mark, reflecting a 3.43% 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 765th most active market in NSW based on total real estate transactions.
DIAMOND BEACH, 2430 places 8th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 24.32% | N/A |
| Median 12 month | 26.03% | N/A |
| Median 3 years | 94.37% | N/A |
| Median 5 years | 103.69% | N/A |
| 10 years average annual | 11.05% | N/A |
| Weekly media advert. rent | $455 | N/A |
| Time on Market | 151.6 days | N/A |
| Gross Rental Yield Percent | 3.43% | N/A |
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