Advertised rents are around the $690 mark per week – giving a return of 2.15% based on the median price in Suburb
With a capital gain of -1.70% for the last 12 months, Ramsgate Beach, 2217 has performed for property investments than its average annual 10.85% property growth over the last 5 years.
Across a shorter period, Ramsgate Beach, 2217 has seen a median price increase of 0.00% over the last quarter.
Our latest figures would indicate that property sellers in Ramsgate Beach are currently offering property investors an average price cut of -3.96% below the asking price at the moment.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 10.85%, investors should hope to achieve an overall return of 3.12%