Bateau Bay has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.57% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bateau Bay has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Bateau Bay itself are offering an average vendor discount of -4.97% to real estate investors.
On average over the past year, suburb has had 17.83 sales per month, which equates to 214 per year.
Advertised rents are around the $460 mark per week – giving a return of 3.80% based on the median price in Suburb
Over the last year, property investments in Bateau Bay, 2261 have given investors a capital gain of 14.27%. This compares favourably with the 6.96% for NSW as a whole.
The five-year average increase in median property values for Bateau Bay,2261 has given property investors a potential capital gain of 70.00% across each of those five years.
Bateau Bay2261 is located in NSW which offers an average discount of -4.23% to property investors. Bateau Bay itself is showing figures that indicate -3.11% is the average achievable by property buyers investing in the suburb.