With a capital gain of -2.82% for the last 12 months, Sapphire Beach, 2450 has performed for property investments than its average annual 2.43% property growth over the last 5 years.
A 15.04% growth in median value for property investors in Sapphire Beach,2450 puts this suburb at number 925th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Sapphire Beach are currently offering property investors an average price cut of -4.51% below the asking price at the moment.
Over the last year, property investments in Sapphire Beach, 2450 have given investors a capital gain of -1.60%. This compares very badly with the 8.14% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sapphire Beach has fallen somewhat 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 -4.45% offered to property buyers. Sellers in Sapphire Beach itself are offering an average vendor discount of -5.10% to real estate investors.
With the median price for a house in Sapphire Beach being $231250 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 8.88%