Melbourne makes comeback with auction resurgence
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
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 $920,000.
The upward trend in home prices in SOUTH GOLDEN BEACH, 2483 averaged 5.61% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.39% 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 830th most active market in NSW based on total real estate transactions.
SOUTH GOLDEN BEACH, 2483 places 887th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $920,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.55% | N/A |
| Median 12 month | 0.82% | N/A |
| Median 3 years | 16.83% | N/A |
| Median 5 years | 77.78% | N/A |
| 10 years average annual | 7.88% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 68.5 days | N/A |
| Gross Rental Yield Percent | 3.39% | N/A |
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