The suburb’s capital gain of 0.66% for the past year is lower than average compared to its 117.86% growth within a five-year period.
Also in BYRON BAY, the median home price is sitting at $1,525,000, and the average rent at $870, this suggests property owners could potentially earn a 2.97% increase in gross rental yield.
Property investors have seen a 3.04% gain in BYRON BAY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.47% growth over a ten-year period. It ranks 320th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.66%||0.56%|
|Median 3 years||48.06%||39.91%|
|Median 5 years||117.86%||71.17%|
|10 years average annual||8.47%||5.11%|
|Weekly media advert. rent||$870||$800|
|Time on Market||112.1 days||72.9 days|
|Gross Rental Yield Percent||2.97%||5.17%|
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