Investment property in Banora Point 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 8.59%
The five-year average increase in median property values for Banora Point,2486 has given property investors a potential capital gain of 20.25% across each of those five years.
Our latest figures would indicate that property sellers in Banora Point are currently offering property investors an average price cut of -3.97% below the asking price at the moment.
Giving property investors a a stable capital gain of 8.96% for the last year, Banora Point, 2486 is the 447th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Banora Point has given property investors a paper return of 1.39%. This puts Suburb as 265 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Banora Point are currently offering property investors an average price cut of -3.41% below the asking price at the moment.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 2.82%, investors should hope to achieve an overall return of 5.63%