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The suburb’s capital gain of 6.89% for the past year is higher than average compared to its 6.67% growth within a five-year period.
Also in MACHANS BEACH, the median home price is sitting at $416,000, and the average rent at $490, this suggests property owners could potentially earn a 6.13% increase in gross rental yield.
Property investors have seen a 15.56% gain in MACHANS BEACH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.13% growth over a ten-year period. It ranks 2281st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $416,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 15.56% | N/A |
| Median 12 month | 6.89% | N/A |
| Median 3 years | 10.2% | N/A |
| Median 5 years | 6.67% | N/A |
| 10 years average annual | 3.13% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 103.8 days | N/A |
| Gross Rental Yield Percent | 6.13% | N/A |
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