Property investors who have had real estate in Ramsgate, 2217 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 28.75%
If we look at median property appreciation over just the last three months, Ramsgate has given property investors a paper return of 31.59%. This puts Suburb as 3 on a list of fastest fasting appreciating suburbs in NSW
A $700 per week rent on the median house gives suburb investors a gross yield of circa 2.78%, without taking into account capital value appreciation, which has been averaging out at 11.84%.
Property value increases in Ramsgate have tracked close to the NSW average of 5.41% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ramsgate,2217 has racked up an average of 6.11% over the period. This ranks it number 438th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $570 mark per week – giving a return of 4.26% based on the median price in Suburb