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. ...
SAWTELL, 2452 ranks 2304th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.07% 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 $725,000.
The upward trend in home prices in SAWTELL, 2452 averaged 5.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $452.5 mark, reflecting a 3.25% increase in returns based on the current median price in SAWTELL.
An average of 4.08 real estate transactions take place per month in SAWTELL which translates to 49 per annum.
49 properties were sold in SAWTELL in 2016, making it the 375th most active market in NSW based on total real estate transactions.
SAWTELL, 2452 places 693rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.07%||21.03%|
|Median 3 years||16.94%||18.98%|
|Median 5 years||31.82%||39.66%|
|10 years average annual||5.26%||7.45%|
|Weekly media advert. rent||$452.5||$370|
|Time on Market||78.6 days||72.5 days|
|Gross Rental Yield Percent||3.25%||3.65%|