Investment property in Ramsgate has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.26%
Over the longer term, Ramsgate has seen property prices show investors a 9.38% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Ramsgate itself are offering an average vendor discount of -2.65% to real estate investors.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 4.23%