$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
SOUTH GOLDEN BEACH, 2483 ranks 613th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.11% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $915,000.
The upward trend in home prices in SOUTH GOLDEN BEACH, 2483 averaged 9.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 3.52% increase in returns based on the current median price in SOUTH GOLDEN BEACH.
An average of 1.92 real estate transactions take place per month in SOUTH GOLDEN BEACH which translates to 23 per annum.
23 properties were sold in SOUTH GOLDEN BEACH in 2016, making it the 804th most active market in NSW based on total real estate transactions.
SOUTH GOLDEN BEACH, 2483 places 824th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $915,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.27% | N/A |
| Median 12 month | 11.11% | N/A |
| Median 3 years | 27.08% | N/A |
| Median 5 years | 89.64% | N/A |
| 10 years average annual | 8.67% | N/A |
| Weekly media advert. rent | $620 | N/A |
| Time on Market | 92.9 days | N/A |
| Gross Rental Yield Percent | 3.52% | N/A |
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