City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
Property investors enjoyed capital gains of 13.16% over the last 12 months in LAKE ALBERT, 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 3% growth over a ten-year period. It ranks 2504th on our list of suburbs that property investors should look into.
LAKE ALBERT, 2650 has a capital gain of 13.16% for the past year, which is higher than average compared to its 25.36% growth within a five-year period.
With the median home price in LAKE ALBERT sitting at $430,000, and the average rent at $370, property owners could potentially earn a 4.47% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LAKE ALBERT are high, as opposed to average gains per annum over the past five years.
LAKE ALBERT, 2650 in NSW belongs to the local government area of Wagga Wagga (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.16%||N/A|
|Median 3 years||21.13%||N/A|
|Median 5 years||25.36%||N/A|
|10 years average annual||3%||N/A|
|Weekly media advert. rent||$370||N/A|
|Time on Market||85.1 days||N/A|
|Gross Rental Yield Percent||4.47%||N/A|