Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
The suburb’s capital gain of 10.2% for the past year is higher than average compared to its 46.34% growth within a five-year period.
Also in EROWAL BAY, the median home price is sitting at $540,000, and the average rent at $360, this suggests property owners could potentially earn a 3.47% increase in gross rental yield.
Property investors have seen a 9.64% 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 10.2%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.11% growth over a ten-year period. It ranks 1159th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.64% | N/A |
| Median 12 month | 10.2% | N/A |
| Median 3 years | 50% | N/A |
| Median 5 years | 46.34% | N/A |
| 10 years average annual | 5.11% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 96.5 days | N/A |
| Gross Rental Yield Percent | 3.47% | N/A |
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