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1 MIN READAustralians Are Becoming Wealthier – And It’s Thanks To Property
Wealth per capita is now sitting at a record high of $522,032, thanks to record-high property prices. ...
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BatehavenBatehaven - SUBURB PROFILE REPORT
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BATEHAVEN, 2536 ranks 1650th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.05% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $592,500.
The upward trend in home prices in BATEHAVEN, 2536 averaged 13.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.42% increase in returns based on the current median price in BATEHAVEN.
An average of 4.67 real estate transactions take place per month in BATEHAVEN which translates to 56 per annum.
56 properties were sold in BATEHAVEN in 2016, making it the 336th most active market in NSW based on total real estate transactions.
BATEHAVEN, 2536 places 111th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $592,500 | $387,500 |
| GROWTH REPORT | ||
| Median Quarterly | 13.29% | 10.4% |
| Median 12 month | 15.05% | 20.9% |
| Median 3 years | 39.41% | 17.6% |
| Median 5 years | 56.54% | 58.16% |
| 10 years average annual | 5.83% | 3.64% |
| Weekly media advert. rent | $390 | $300 |
| Time on Market | 56.3 days | 57.6 days |
| Gross Rental Yield Percent | 3.42% | 4.03% |
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