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Property investors enjoyed capital gains of 35.85% over the last 12 months in CORONET BAY, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.77% growth over a ten-year period. It ranks 477th on our list of suburbs that property investors should look into.
CORONET BAY, 3984 has a capital gain of 35.85% for the past year, which is higher than average compared to its 97.8% growth within a five-year period.
With the median home price in CORONET BAY sitting at $540,000, and the average rent at $340, property owners could potentially earn a 3.27% increase in gross rental yield.
A 35.85% increase in median property prices in CORONET BAY, 3984 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 51st.
Figures from the previous quarter show that capital gains for real estate buyers in CORONET BAY are low, as opposed to average gains per annum over the past five years.
CORONET BAY, 3984 in VIC belongs to the local government area of Bass Coast (S).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||35.85%||N/A|
|Median 3 years||52.11%||N/A|
|Median 5 years||97.8%||N/A|
|10 years average annual||8.77%||N/A|
|Weekly media advert. rent||$340||N/A|
|Time on Market||49.8 days||N/A|
|Gross Rental Yield Percent||3.27%||N/A|