Property investors enjoyed capital gains of 12.2% over the last 12 months in BONBEACH, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in BONBEACH are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
On average, rents on listings have reached the $700 mark, reflecting a 3.17% increase in returns based on the current median price in BONBEACH.
BONBEACH, 3196 ranks 75th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 403rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.17% return.
Property investors have seen a 2.97% gain in BONBEACH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BONBEACH, 3196 saw average growth in the long term.
BONBEACH, 3196 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $762,500.
Profits due to an upward trend in home prices in BONBEACH, 3196 averaged 4.46% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $575 based on current median home prices for the suburb.
The gross rental yield in BONBEACH, 3196 is 3.92%.
An average of 8.67 real estate transactions take place per month in BONBEACH which translates to 104 per annum.