Investment property in Bateau Bay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.79%
When looking at the potential capital gains offered to property investors over the last 3 years, Bateau Bay comes in at number 688th in NSW.
LACK OF BUYER INTEREST may well be the reason that Bateau Bay is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 850th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Bateau Bay the average time real estate has been on the market is 46.02 days.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 5.27%.
At number 141th in the list of Australian suburbs ordered by increase in median house value over the last year, Bateau Bay, 2261 is in the top 10% with a property value increase of 17.24% recorded in median house prices.
The five-year average increase in median property values for Bateau Bay,2261 has given property investors a potential capital gain of 66.67% across each of those five years.
Bateau Bay2261 is located in NSW which offers an average discount of -4.42% to property investors. Bateau Bay itself is showing figures that indicate -3.22% is the average achievable by property buyers investing in the suburb.
At number 142 in a list of fastest selling suburbs, Bateau Bay is in the TOP 10% of suburbs in Australia with an average of days on market 43.88 for properties listed there.