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 2.97% growth over a ten-year period. It ranks 2551st 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.
EVANS HEAD, 2473 has a capital gain of 18.85% for the past year, which is higher than average compared to its 34.88% growth within a five-year period.
With the median home price in EVANS HEAD sitting at $580,000, and the average rent at $470, property owners could potentially earn a 4.21% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EVANS HEAD are high, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in EVANS HEAD, 2473 translates to a 12.07% capital gain.
EVANS HEAD, 2473 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 $325,000.
Profits due to an upward trend in home prices in EVANS HEAD, 2473 averaged 4.02% per annum over a 3-year period.
Home owners selling their properties and realtors in EVANS HEAD usually have to wait an average of 80.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $360 mark, reflecting a 5.76% increase in returns based on the current median price in EVANS HEAD.
EVANS HEAD, 2473 places 184th in Australia based on median property value growth during the quarter.