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South Golden BeachSouth Golden Beach - SUBURB PROFILE REPORT
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SOUTH GOLDEN BEACH, 2483 ranks 40th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 59.38% 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 $1,530,000.
The upward trend in home prices in SOUTH GOLDEN BEACH, 2483 averaged 24.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $825 mark, reflecting a 2.8% increase in returns based on the current median price in SOUTH GOLDEN BEACH.
An average of 1.17 real estate transactions take place per month in SOUTH GOLDEN BEACH which translates to 14 per annum.
14 properties were sold in SOUTH GOLDEN BEACH in 2016, making it the 1268th most active market in NSW based on total real estate transactions.
SOUTH GOLDEN BEACH, 2483 places 1249th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,530,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.49% | N/A |
| Median 12 month | 59.38% | N/A |
| Median 3 years | 72.69% | N/A |
| Median 5 years | 140.94% | N/A |
| 10 years average annual | 14.39% | N/A |
| Weekly media advert. rent | $825 | N/A |
| Time on Market | 26.5 days | N/A |
| Gross Rental Yield Percent | 2.8% | N/A |
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