NSW has seen average median house prices change by 7.28% which means that Bayview, 2104 has done well for property investors by showing a capital gain of 16.28% over the last year
Bayview,2104 was ranked 2600 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Bayview itself are offering an average vendor discount of -7.16% to real estate investors.
A $900 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 4.77%.