REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
The suburb’s capital gain of 23.61% for the past year is higher than average compared to its 64.57% growth within a five-year period.
Also in EROWAL BAY, the median home price is sitting at $720,000, and the average rent at $450, this suggests property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a 4.35% gain in EROWAL BAY based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on EROWAL BAY, 2540 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 23.61%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.03% growth over a ten-year period. It ranks 210th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.61%||N/A|
|Median 3 years||44%||N/A|
|Median 5 years||64.57%||N/A|
|10 years average annual||9.03%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||53.0 days||N/A|
|Gross Rental Yield Percent||3.25%||N/A|