With a capital gain of 13.56% for the last 12 months, Avoca Beach, 2251 has performed for property investments than its average annual 5.28% property growth over the last 5 years.
Avoca Beach,2251 was ranked 1319 in Australia by increase in median property value over the quarter.
Property buyers and investors in Avoca Beach 2251 should be seeing an average reduction in asking price of around -5.37% . This means that Avoca Beach is holding prices well when compared to other suburbs in NSW.
In the last year 85 properties changed hands in Avoca Beach, which puts it as the 365th most active market in NSW when comparing the number of sales per suburb.
Avoca Beach is in the TOP 10% in NSW when comparing median price capital growth over the last year. Avoca Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 26.94%.
Across a shorter period, Avoca Beach, 2251 has seen a median price increase of 10.97% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Avoca Beach is offering property investors an average of -4.14. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Avoca Beach the average time real estate has been on the market is 77.7 days.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 4.68%.