The suburb’s capital gain of 6.25% for the past year is higher than average compared to its 17.69% growth within a five-year period.
Also in MACHANS BEACH, the median home price is sitting at $382,500, and the average rent at $390, this suggests property owners could potentially earn a 5.3% increase in gross rental yield.
Property investors have seen a 2% 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 0.17% growth over a ten-year period. It ranks 3836th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.25%||N/A|
|Median 3 years||13.64%||N/A|
|Median 5 years||17.69%||N/A|
|10 years average annual||0.17%||N/A|
|Weekly media advert. rent||$390||N/A|
|Time on Market||118.9 days||N/A|
|Gross Rental Yield Percent||5.3%||N/A|