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New BrightonNew Brighton - SUBURB PROFILE REPORT
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Property investors have seen a 5.4% gain in NEW BRIGHTON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NEW BRIGHTON, 2483 saw average growth in the long term.
The NSW suburb also 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 $1,855,000
Profits averaged 11.23% per annum over a 3-year period, due to an upward trend in home prices in NEW BRIGHTON, 2483.
This means, real estate investors could earn a rental income of $1025 based on current median home prices for the suburb.
The gross rental yield in NEW BRIGHTON, 2483 is 2.87%.
An average of 2 real estate transactions take place per month in NEW BRIGHTON which translates to 24 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,855,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.4% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 33.69% | N/A |
| Median 5 years | 110.2% | N/A |
| 10 years average annual | 23.53% | N/A |
| Weekly media advert. rent | $1025 | N/A |
| Time on Market | 52.8 days | N/A |
| Gross Rental Yield Percent | 2.87% | N/A |
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