Evans Head has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.25% to date .
Across a shorter period, Evans Head, 2473 has seen a median price increase of 3.63% over the last quarter.
The most recent median price for Evans Head is $500000, with sellers offering an average of -4.58% off the asking price.
At number 2650 in a list of fastest selling suburbs, Evans Head is in the bottom 30% of suburbs in Australia with an average of days on market 100.08 for properties listed there.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.68%, without taking into account capital value appreciation, which has been averaging out at 1.89%.
Property value increases in Evans Head have tracked lower than the NSW average of 6.22% over the last 12 months.
The five-year average increase in median property values for Evans Head,2473 has given property investors a potential capital gain of -9.12% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Evans Head itself are offering an average vendor discount of -2.86% to real estate investors.
Residents and property investors in Evans Head have been waiting around 74.07 days to sell a property.
Evans Head is 15th on a list of best yielding suburbs for rents in NSW with a 6.48% return