Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors enjoyed capital gains of 11.7% over the last 12 months in MOONEE BEACH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.59% growth over a ten-year period. It ranks 2190th on our list of suburbs that property investors should look into.
MOONEE BEACH, 2450 has a capital gain of 11.7% for the past year, which is higher than average compared to its 51.44% growth within a five-year period.
With the median home price in MOONEE BEACH sitting at $787,500, and the average rent at $485, property owners could potentially earn a 3.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MOONEE BEACH are low, as opposed to average gains per annum over the past five years.
MOONEE BEACH, 2450 in NSW belongs to the local government area of Coffs Harbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $787,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.27% | N/A |
| Median 12 month | 11.7% | N/A |
| Median 3 years | 10.92% | N/A |
| Median 5 years | 51.44% | N/A |
| 10 years average annual | 3.59% | N/A |
| Weekly media advert. rent | $485 | N/A |
| Time on Market | 105.7 days | N/A |
| Gross Rental Yield Percent | 3.2% | N/A |
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