Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
FISHERMANS PARADISE, 2539 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling FISHERMANS PARADISE, 2539 values up and netting property investors a capital gain of 10.14% for the past year.
Investors saw the median home price rise to $472,500.
Profits due to an upward trend in home prices in the suburb averaged 18.48% per annum over a 3-year period.
FISHERMANS PARADISE now ranks at the 1029th 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 115.6 days.
In 2016, 15 properties were sold in FISHERMANS PARADISE during the past year, making it the 1157th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $472,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.06% | N/A |
| Median 12 month | 10.14% | N/A |
| Median 3 years | 55.43% | N/A |
| Median 5 years | 113.32% | N/A |
| 10 years average annual | 7.47% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 115.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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