Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Property investors enjoyed capital gains of 12.78% over the last 12 months in BOMADERRY, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.82% growth over a ten-year period. It ranks 1310th on our list of suburbs that property investors should look into.
BOMADERRY, 2541 has a capital gain of 12.78% for the past year, which is higher than average compared to its 42.96% growth within a five-year period.
With the median home price in BOMADERRY sitting at $507,500, and the average rent at $392.5, property owners could potentially earn a 4.02% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BOMADERRY are low, as opposed to average gains per annum over the past five years.
BOMADERRY, 2541 in NSW belongs to the local government area of Shoalhaven (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.78%||13.65%|
|Median 3 years||7.69%||2.29%|
|Median 5 years||42.96%||45.23%|
|10 years average annual||5.82%||7.36%|
|Weekly media advert. rent||$392.5||$340|
|Time on Market||67.9 days||106.5 days|
|Gross Rental Yield Percent||4.02%||4.94%|