Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors enjoyed capital gains of 17.24% over the last 12 months in CALLALA BAY, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CALLALA BAY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 19.3% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $345 based on current median home prices for the suburb.
On average, rents on listings have reached the $345 mark, reflecting a 2.64% increase in returns based on the current median price in CALLALA BAY.
CALLALA BAY, 2540 ranks 202nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 873rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.64% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.34% | N/A |
| Median 12 month | 17.24% | N/A |
| Median 3 years | 19.3% | N/A |
| Median 5 years | 58.14% | N/A |
| 10 years average annual | 6.12% | N/A |
| Weekly media advert. rent | $345 | N/A |
| Time on Market | 90.5 days | N/A |
| Gross Rental Yield Percent | 2.64% | N/A |
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