Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
BROULEE, 2537 ranks 2117th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.66% 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 $721,000.
The upward trend in home prices in BROULEE, 2537 averaged 9.02% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BROULEE.
An average of 4 real estate transactions take place per month in BROULEE which translates to 48 per annum.
48 properties were sold in BROULEE in 2016, making it the 431st most active market in NSW based on total real estate transactions.
BROULEE, 2537 places 556th in Australia based on median property value growth during the quarter.
Broulee is a tiny beach town situated on the southern coast of NSW, sandwiched by Batemans Bay and Moruya. Yet what it lacks in land area, it makes up for in pristine beaches, remnants of old infrastructure, railways and wartime bunkers, and similar historical gems.
A popular destination among tourists and locals is Broulee Island, which is also a point of interest for surfers and adventure seekers. Tourists often find themselves hiking to a lookout where one can see a breathtaking view of Broulee beach and the alluring turquoise waters of Shark Bay. Surfers, meanwhile, wait for the perfect wave at Pink Rock and Dishwashers, where a reef break guarantees towering swells. Broulee is also a destination for avid fishermen, with the bay offering an abundance of catch.
Resurging commercial and residential real estate
Commerce in the area has simmered down in contrast to its heyday in the 1800s, although that is set to change once residential developments are completed. New applications for subdivision developments have been submitted to the local government for approval, while some developments are already underway. The local council is banking on such property investments to liven up Broulee’s economy, though Broulee’s rural charm itself is not stopping investors from purchasing real estate in the area.
The average median price for a Broulee residential property is about $500,000, while units are for sale at around $300,000. The sky’s the limit for prices, however, for home sellers and their respective buyers; the highest home price value listed online is $3.9 million.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.66%||46.04%|
|Median 3 years||27.05%||50.17%|
|Median 5 years||63.86%||110.28%|
|10 years average annual||6.59%||22.4%|
|Weekly media advert. rent||N/A||$435|
|Time on Market||55.1 days||114.6 days|
|Gross Rental Yield Percent||N/A||3.4%|