BYRON BAY ranks 320th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of -4.08% for the past year is lower than average compared to its 112.68% growth within a five-year period.
Also in BYRON BAY, the median home price is sitting at $1,467,500, and the average rent at $850, this suggests property owners could potentially earn a 3.01% increase in gross rental yield.
Property investors have seen a -8.28% drop in BYRON BAY based on a decrease 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 7.75% growth over a ten-year period. It ranks 661st on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in BYRON BAY, 2481 translates to a 34.45% capital gain.
BYRON BAY, 2481 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 $800,000.
Augmented property values in BYRON BAY are trailing behind the NSW average of 5.81% for the past year.
Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
Home owners selling their properties and realtors in BYRON BAY usually have to wait an average of 85.5 days days before their assets are lifted off the market.
BYRON BAY ranks 96th on the list of best yielding suburbs for rental properties in NSW, posting a 4.88% return.
BYRON BAY, 2481 places 426th in Australia based on median property value growth during the quarter.