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11 MIN READProperty Market Update: Perth, May 2022
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Banora PointBanora Point - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains BANORA POINT, 2486 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BANORA POINT, 2486 obtained a 7.51% growth over a ten-year period. It ranks 1174th on our list of suburbs that property investors should look into.
BANORA POINT, 2486 in NSW belongs to the local government area of Tweed (A).
BANORA POINT, 2486 has a capital gain of 31.95% for the past year, which is higher than average compared to its 61.9% growth within a five-year period.
With the median home price in BANORA POINT sitting at $877,500, and the average rent at $680, property owners could potentially earn a 4.03% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BANORA POINT are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $877,500 | $632,500 |
| GROWTH REPORT | ||
| Median Quarterly | 7.27% | 12.95% |
| Median 12 month | 31.95% | 35.08% |
| Median 3 years | 40.4% | 52.41% |
| Median 5 years | 61.9% | 72.34% |
| 10 years average annual | 7.51% | 6.85% |
| Weekly media advert. rent | $680 | $590 |
| Time on Market | 34.9 days | 25.0 days |
| Gross Rental Yield Percent | 4.03% | 4.85% |
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