Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
Property investors enjoyed capital gains of 27.5% over the last 12 months in OLD EROWAL 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 OLD EROWAL BAY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 20.28% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in OLD EROWAL BAY.
OLD EROWAL BAY, 2540 ranks 157th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1298th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.5%||N/A|
|Median 3 years||20.28%||N/A|
|Median 5 years||54.78%||N/A|
|10 years average annual||7.29%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||56.6 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|