With a capital gain of 11.58% for the last 12 months, Umina Beach, 2257 has performed for property investments than its average annual 6.83% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Umina Beach has given property investors a paper return of 5.26%. This puts Suburb as 393 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Umina Beach should be aiming for at least -5.32% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Umina Beach have been waiting around 57.74 days to sell a property.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.83%, investors should hope to achieve an overall return of 3.31%
Umina Beach has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.34% to date .
While Umina Beach,2257 ranked number 41th in NSW for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
Our latest figures would indicate that property sellers in Umina Beach are currently offering property investors an average price cut of -3.78% below the asking price at the moment.
Often selling an investment property can take time, and in Umina Beach the average time real estate has been on the market is 76.94 days.
Umina Beach is 372th on a list of best yielding suburbs for rents in NSW with a 3.75% return