Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
PAMBULA BEACH, 2549 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $660,000.
Profits due to an upward trend in home prices in the suburb averaged 7.98% per annum over a 3-year period.
PAMBULA BEACH now ranks at the 1192nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PAMBULA BEACH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $465 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PAMBULA BEACH, homes and units usually stay on listing for an average of 65.1 days.
In 2016, 20 properties were sold in PAMBULA BEACH during the past year, making it the 933rd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.38% | N/A |
| Median 12 month | -1.86% | N/A |
| Median 3 years | 23.94% | N/A |
| Median 5 years | 29.41% | N/A |
| 10 years average annual | 5.93% | N/A |
| Weekly media advert. rent | $465 | N/A |
| Time on Market | 65.1 days | N/A |
| Gross Rental Yield Percent | 3.66% | N/A |
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