Central Coast’s 2261 postcode swarmed by Sydney buyers
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Property investors enjoyed capital gains of 10.31% over the last 12 months in GOOLWA, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in GOOLWA are high, as opposed to average gains per annum over the past five years.
The suburb posted a 12.06% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $322.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $322.5 mark, reflecting a 4.75% increase in returns based on the current median price in GOOLWA.
GOOLWA, 5214 ranks 90th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 23rd on the list of best yielding suburbs for rental properties in SA, posting a 4.75% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $353,000 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.13% | 4.88% |
| Median 12 month | 10.31% | 4.88% |
| Median 3 years | 12.06% | 10.26% |
| Median 5 years | 17.28% | N/A |
| 10 years average annual | 1.65% | 3.4% |
| Weekly media advert. rent | $322.5 | $222.5 |
| Time on Market | 86.2 days | 0.0 days |
| Gross Rental Yield Percent | 4.75% | 5.38% |
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