What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
LAMB ISLAND, 4184 ranks 56th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.71% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $244,975.
The downward trend in home prices in LAMB ISLAND, 4184 averaged -5.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $230 mark, reflecting a 4.88% increase in returns based on the current median price in LAMB ISLAND.
An average of 1.17 real estate transactions take place per month in LAMB ISLAND which translates to 14 per annum.
14 properties were sold in LAMB ISLAND in 2016, making it the 732nd most active market in QLD based on total real estate transactions.
LAMB ISLAND, 4184 places 215th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $244,975 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.07% | N/A |
| Median 12 month | 31.71% | N/A |
| Median 3 years | -15.53% | N/A |
| Median 5 years | 53.11% | N/A |
| 10 years average annual | 7.26% | N/A |
| Weekly media advert. rent | $230 | N/A |
| Time on Market | 152.9 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
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