Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
MORUYA HEADS, 2537 ranks 1078th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.92% for property investors.
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 $485,000.
The upward trend in home prices in MORUYA HEADS, 2537 averaged 12.21% per annum over a 3-year period.
Average weekly rents on listings have reached the $375 mark, reflecting a 4.02% increase in returns based on the current median price in MORUYA HEADS.
An average of 2.33 real estate transactions take place per month in MORUYA HEADS which translates to 28 per annum.
28 properties were sold in MORUYA HEADS in 2016, making it the 714th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.92%||11.49%|
|Median 3 years||36.62%||N/A|
|Median 5 years||26.22%||N/A|
|10 years average annual||4.82%||11.49%|
|Weekly media advert. rent||$375||N/A|
|Time on Market||82.2 days||0.0 days|
|Gross Rental Yield Percent||4.02%||N/A|
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