With a capital gain of -0.70% for the last 12 months, East Gosford, 2250 has performed for property investments than its average annual 5.46% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, East Gosford,2250 has racked up an average of -0.70% over the period. This ranks it number 1221th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in East Gosford are currently offering property investors an average price cut of -1.22% below the asking price at the moment.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.93%, without taking into account capital value appreciation, which has been averaging out at 5.46%.
Investment property in East Gosford has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.32%
East Gosford,2250 was ranked 330 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that East Gosford is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 349th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.