Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
SOUTH GOLDEN BEACH, 2483 ranks 661st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.23% 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 $1,155,000.
The upward trend in home prices in SOUTH GOLDEN BEACH, 2483 averaged 12.64% per annum over a 3-year period.
Average weekly rents on listings have reached the $800 mark, reflecting a 3.6% 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 932nd most active market in NSW based on total real estate transactions.
SOUTH GOLDEN BEACH, 2483 places 68th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.23%||N/A|
|Median 3 years||37.91%||N/A|
|Median 5 years||104.42%||N/A|
|10 years average annual||10.38%||N/A|
|Weekly media advert. rent||$800||N/A|
|Time on Market||26.3 days||N/A|
|Gross Rental Yield Percent||3.6%||N/A|