Investment property in East Gosford has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.00%
Taking the average capital gain, or increase in median house value, East Gosford,2250 has racked up an average of -2.00% over the period. This ranks it number 1269th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that East Gosford is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 1153th in terms of most discounted suburbs in NSW
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 5.46%.
Giving property investors a a stable capital gain of 9.63% for the last year, East Gosford, 2250 is the 412th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in East Gosford has increased when compared to the 5 year average annual rate.
The most recent median price for East Gosford is $541000, with sellers offering an average of -3.40% off the asking price.
On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.
East Gosford is 330th on a list of best yielding suburbs for rents in NSW with a 3.99% return