City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
Property investors have seen a 4.71% gain in OLD BAR based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OLD BAR, 2430 saw average growth in the long term.
The NSW 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 $522,500
Profits averaged 5.28% per annum over a 3-year period, due to an upward trend in home prices in OLD BAR, 2430.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in OLD BAR, 2430 is 4.18%.
An average of 9.25 real estate transactions take place per month in OLD BAR which translates to 111 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.85%||0.58%|
|Median 3 years||15.85%||7.75%|
|Median 5 years||44.04%||36.27%|
|10 years average annual||4.92%||4.85%|
|Weekly media advert. rent||$420||$330|
|Time on Market||104.1 days||80.6 days|
|Gross Rental Yield Percent||4.18%||4.94%|