NSW has seen average median house prices change by 11.06% which means that Phegans Bay, 2256 has done well for property investors by showing a capital gain of 13.04% over the last year
If we look at median property appreciation over just the last three months, Phegans Bay has given property investors a paper return of 2.05%. This puts Suburb as 685 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Phegans Bay itself are offering an average vendor discount of -2.73% to real estate investors.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 13.15%, investors should hope to achieve an overall return of 3.18%