Property investments in BATEMANS BAY did not fare well against the rest of the country last year, registering a median home price decrease of 1.45%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BATEMANS BAY, 2536 saw average growth in the long term.
Real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 117.4 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $385,000.
BATEMANS BAY ranks 187th on the list of best yielding suburbs for rental properties in NSW, posting a 4.79% return.
Profits due to an upward trend in home prices in BATEMANS BAY, 2536 averaged 4.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $295 mark, reflecting a 5.29% increase in returns based on the current median price in BATEMANS BAY.
An average of 4.17 real estate transactions take place per month in BATEMANS BAY which translates to 50 per annum.
50 properties were sold in BATEMANS BAY during the past year, making it the 122nd most active market in NSW based on total real estate transactions.
BATEMANS BAY, 2536 places 65th in Australia based on median property value growth during the quarter.
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