House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
The suburb’s capital gain of -9.9% for the past year is lower than average compared to its -16.51% growth within a five-year period.
Property investors have seen a 3.41% gain in OCEAN 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 -1.45% decrease over a ten-year period. It ranks 3970th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $455,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.41% | N/A |
| Median 12 month | -9.9% | N/A |
| Median 3 years | -3.19% | N/A |
| Median 5 years | -16.51% | N/A |
| 10 years average annual | -1.45% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 160.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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