Q&A: Scott O’Neill, Rethink Investing
In this special Q&A, Smart Property Investment speaks to the director of Rethink Investing, Scott O’Neill. ...
Based on its average 5-year and quarterly capital gains EVANS HEAD, 2473 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that EVANS HEAD, 2473 obtained a 4.64% growth over a ten-year period. It ranks 1723rd on our list of suburbs that property investors should look into.
EVANS HEAD, 2473 in NSW belongs to the local government area of Richmond Valley (A).
EVANS HEAD, 2473 has a capital gain of 14% for the past year, which is higher than average compared to its 49.06% growth within a five-year period.
With the median home price in EVANS HEAD sitting at $712,500, and the average rent at $450, property owners could potentially earn a 3.28% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EVANS HEAD are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $712,500 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.95% | 2.76% |
| Median 12 month | 14% | -0.91% |
| Median 3 years | 30.97% | 26.15% |
| Median 5 years | 49.06% | 21.48% |
| 10 years average annual | 4.64% | 2.33% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 107.5 days | 57.9 days |
| Gross Rental Yield Percent | 3.28% | 4.44% |
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