Property market update: Brisbane, August 2020
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by e...
Property investments in BATEMANS BAY did not fare well against the rest of the country last year, registering a median home price decrease of 17.53%.
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 $360 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 123.0 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 $452,500.
BATEMANS BAY ranks 316th on the list of best yielding suburbs for rental properties in NSW, posting a 4.14% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $452,500 | $319,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -8.71% |
| Median 12 month | 17.53% | -6.72% |
| Median 3 years | 19.24% | -8.71% |
| Median 5 years | 39.23% | 34.24% |
| 10 years average annual | 3.42% | 3.7% |
| Weekly media advert. rent | $360 | $330 |
| Time on Market | 123.0 days | 97.7 days |
| Gross Rental Yield Percent | 4.14% | 5.37% |
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by e...
The stability of the Australian housing market is set to be tested with a large slump in population due to border closures. ...
State-based land tax changes have seen Vellum Fund Management and Urban Property Group launch the first build-to-rent fund based in NSW. ...
With one month almost already down, several Harcourts professionals have outlined how they expect the remainder of the spring selling season...
The consumer watchdog is warning of an increase in rental and accommodation scams, with more than $300,000 lost to fraudulent activities t...
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment