Booker Bay has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 31.11% to date .
Comparing Booker Bay,2257 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Booker Bay should be aiming for at least -6.48% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Situated 41.28km from the CBD, Booker Bay is one of Gosford localities in the postcode 2257.
Over the last year, property investments in Booker Bay, 2257 have given investors a capital gain of 10.74%. This compares favourably with the 8.14% for NSW as a whole.
Booker Bay,2257 was ranked 1503 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Booker Bay are currently offering property investors an average price cut of -7.64% below the asking price at the moment.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
A $392.5 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 3.61%.