If you compare the increase in value of investment property in Phegans Bay, 2256 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.14%.
Our latest figures would indicate that property sellers in Phegans Bay are currently offering property investors an average price cut of -0.93% below the asking price at the moment.
Often selling an investment property can take time, and in Phegans Bay the average time real estate has been on the market is 74 days.
With the median price for a house in Phegans Bay being $635000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.87%