What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
FISHERMANS PARADISE, 2539 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 $446,500.
Profits due to an upward trend in home prices in the suburb averaged 14.29% per annum over a 3-year period.
FISHERMANS PARADISE now ranks at the 1147th 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 FISHERMANS PARADISE are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FISHERMANS PARADISE, homes and units usually stay on listing for an average of 105.5 days.
In 2016, 11 properties were sold in FISHERMANS PARADISE during the past year, making it the 1268th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $446,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -13.3% | N/A |
| Median 12 month | -9.34% | N/A |
| Median 3 years | 42.88% | N/A |
| Median 5 years | 68.49% | N/A |
| 10 years average annual | 8.13% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 105.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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