Investor stories: How properties in Sydney, Melbourne and Tasmania are performing today
Despite the current downturn in Sydney and Melbourne, capital city markets continue to be among the most sought-after locations for property...
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The suburb’s capital gain of 2.86% for the past year is higher than average compared to its 4.05% growth within a five-year period.
Also in CITY BEACH, the median home price is sitting at $1,800,000, and the average rent at $860, this suggests property owners could potentially earn a 2.48% increase in gross rental yield.
Property investors have seen a -1.5% drop in CITY BEACH based on a decrease 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 -0.28% decrease over a ten-year period. It ranks 4371st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,800,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.5% | N/A |
| Median 12 month | 2.86% | N/A |
| Median 3 years | 5.88% | N/A |
| Median 5 years | 4.05% | N/A |
| 10 years average annual | -0.28% | N/A |
| Weekly media advert. rent | $860 | N/A |
| Time on Market | 58.4 days | N/A |
| Gross Rental Yield Percent | 2.48% | N/A |
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