Property Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
The suburb’s capital gain of 35.71% for the past year is lower than average compared to its 183.58% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in BYRON BAY, the median home price is sitting at $2,850,000, and the average rent at $1100, this suggests property owners could potentially earn a 2.01% increase in gross rental yield.
Property investors have seen a 6.74% gain in BYRON BAY based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on BYRON BAY, 2481 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 35.71%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 17.07% growth over a ten-year period. It ranks 3513th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||35.71%||57.26%|
|Median 3 years||70.15%||42.95%|
|Median 5 years||183.58%||76.92%|
|10 years average annual||17.07%||9.38%|
|Weekly media advert. rent||$1100||$780|
|Time on Market||69.3 days||62.4 days|
|Gross Rental Yield Percent||2.01%||3.53%|