‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen 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 $912,500.
The upward trend in home prices in SOUTH GOLDEN BEACH, 2483 averaged 14.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $660 mark, reflecting a 3.76% increase in returns based on the current median price in SOUTH GOLDEN BEACH.
An average of 1.75 real estate transactions take place per month in SOUTH GOLDEN BEACH which translates to 21 per annum.
21 properties were sold in SOUTH GOLDEN BEACH in 2016, making it the 868th most active market in NSW based on total real estate transactions.
SOUTH GOLDEN BEACH, 2483 places 952nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $912,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.01% | N/A |
| Median 12 month | 2.99% | N/A |
| Median 3 years | 43.7% | N/A |
| Median 5 years | 91.1% | N/A |
| 10 years average annual | 11.14% | N/A |
| Weekly media advert. rent | $660 | N/A |
| Time on Market | 105.3 days | N/A |
| Gross Rental Yield Percent | 3.76% | N/A |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Low interest rates and mortgage repayment relief measures could “insulate” residential property prices from a looming “plunge” in ho...
The number of dwellings approved for construction in February jumped by almost 20 per cent when compared with January, highlighting the stre...
The House of Representatives standing committee on social policy and legal affairs has agreed to suspend its inquiry into homelessness in Au...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
