House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
The suburb’s capital gain of 15% for the past year is higher than average compared to its 51.14% growth within a five-year period.
Also in BERMAGUI, the median home price is sitting at $529,000, and the average rent at $385, this suggests property owners could potentially earn a 3.78% increase in gross rental yield.
Property investors have seen a 15% gain in BERMAGUI based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on BERMAGUI, 2546 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.01% growth over a ten-year period. It ranks 1912th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $529,000 | $242,500 |
| GROWTH REPORT | ||
| Median Quarterly | 15% | 6.36% |
| Median 12 month | 15% | -20.3% |
| Median 3 years | 33.08% | -17.8% |
| Median 5 years | 51.14% | 13.58% |
| 10 years average annual | 4.01% | -0.8% |
| Weekly media advert. rent | $385 | $285 |
| Time on Market | 81.2 days | 98.2 days |
| Gross Rental Yield Percent | 3.78% | 6.11% |
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