City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
Property investors enjoyed capital gains of 12.29% over the last 12 months in KOONAWARRA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in KOONAWARRA are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
On average, rents on listings have reached the $430 mark, reflecting a 4.55% increase in returns based on the current median price in KOONAWARRA.
KOONAWARRA, 2530 ranks 384th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 200th on the list of best yielding suburbs for rental properties in NSW, posting a 4.55% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.29%||N/A|
|Median 3 years||-3.3%||N/A|
|Median 5 years||29.28%||N/A|
|10 years average annual||6.27%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||53.5 days||N/A|
|Gross Rental Yield Percent||4.55%||N/A|