MORUYA HEADS, 2537 ranks 170th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.78% 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 $460,000.
The upward trend in home prices in MORUYA HEADS, 2537 averaged 8.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $375 mark, reflecting a 4.24% increase in returns based on the current median price in MORUYA HEADS.
An average of 2.92 real estate transactions take place per month in MORUYA HEADS which translates to 35 per annum.
35 properties were sold in MORUYA HEADS in 2016, making it the 577th most active market in NSW based on total real estate transactions.
MORUYA HEADS, 2537 places 32nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.78%||N/A|
|Median 3 years||24.32%||N/A|
|Median 5 years||26.37%||N/A|
|10 years average annual||2.46%||N/A|
|Weekly media advert. rent||$375||N/A|
|Time on Market||112.2 days||0.0 days|
|Gross Rental Yield Percent||4.24%||N/A|