Bronte has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.48% to date .
The five-year average increase in median property values for Bronte,2024 has given property investors a potential capital gain of 67.70% across each of those five years.
Bronte2024 is located in NSW which offers an average discount of -5.50% to property investors. Bronte itself is showing figures that indicate -8.96% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Over the last year, property investments in Bronte, 2024 have given investors a capital gain of 9.45%. This compares favourably with the 5.59% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bronte has increased when compared to the 5 year average annual rate.
Bronte, 2024 is offering NSW ‘s 469th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
In the last year 76 properties changed hands in Bronte, which puts it as the 198th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Bronte being $1100000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 3.21%