Avoca Beach has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.99% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Avoca Beach has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Avoca Beach is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 693th in terms of most discounted suburbs in NSW
Avoca Beach is 522th on a list of best yielding suburbs for rents in NSW with a 3.99% return
Giving property investors a a solid capital gain of 16.81% for the last year, Avoca Beach, 2251 is the 176th highest performer in Australia in this respect.
A 9.27% growth in median value for property investors in Avoca Beach,2251 puts this suburb at number 155th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Avoca Beach should be aiming for at least -5.41% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Avoca Beach being $660000 and the advertised rent reaching $625 the gross rental yield for property investors calculates out to be 4.92%