NORTH BATEMANS BAY, 2536 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 $899,000.
Profits due to an downward trend in home prices in the suburb averaged -9.74% per annum over a 3-year period.
NORTH BATEMANS BAY now ranks at the 1200th 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 NORTH BATEMANS BAY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of N/A based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH BATEMANS BAY, homes and units usually stay on listing for an average of 70.3 days.
In 2016, 15 properties were sold in NORTH BATEMANS BAY during the past year, making it the 1135th most active market in NSW based on total real estate transactions.
NORTH BATEMANS BAY ranks 509th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
NORTH BATEMANS BAY, 2536 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.
With the median home price in NORTH BATEMANS BAY sitting at $495,000, and the average rent at $495, property owners could potentially earn a 5.2% increase in gross rental yield.
Property investors have seen a 8.79% gain in NORTH BATEMANS BAY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that NORTH BATEMANS BAY, 2536 obtained a 2.03% growth over a ten-year period. It ranks 1425th on our list of suburbs that property investors should look into.