Burraneer is in the bottom 20% in NSW when comparing median price capital growth over the last year. Burraneer gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.08%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burraneer has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Burraneer are currently offering property investors an average price cut of -4.40% below the asking price at the moment.
A $1175 per week rent on the median house gives suburb investors a gross yield of circa 2.66%, without taking into account capital value appreciation, which has been averaging out at 7.65%.