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 $780,000.
The upward trend in home prices in BATEHAVEN, 2536 averaged 3.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.67% increase in returns based on the current median price in BATEHAVEN.
An average of 3.08 real estate transactions take place per month in BATEHAVEN which translates to 37 per annum.
37 properties were sold in BATEHAVEN in 2016, making it the 567th most active market in NSW based on total real estate transactions.
BATEHAVEN, 2536 places 494th in Australia based on median property value growth during the quarter.
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 $523,750.
Average median unit prices in NSW have risen as a whole, pulling BATEHAVEN, 2536 values up and netting property investors a capital gain of 12.63% for the past year.
Investors saw the median home price rise to $523,750.
The upward trend in home prices in BATEHAVEN, 2536 averaged 4.29% per annum over a 3-year period.
BATEHAVEN now ranks at the 68th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BATEHAVEN are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BATEHAVEN, homes and units usually stay on listing for an average of 87.2 days.
50 properties were sold in BATEHAVEN in 2016, making it the 136th most active market in NSW based on total real estate transactions.