At number 1262th in the list of Australian suburbs ordered by increase in median house value over the last year, Sandy Beach, 2456 is in the top 40% with a property value increase of 8.31% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Sandy Beach,2456 has racked up an average of 8.31% over the period. This ranks it number 1181th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Sandy Beach itself are offering an average vendor discount of -4.63% to real estate investors.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 4.84%.