Property investors who have had real estate in Banora Point, 2486 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.86%
Across a shorter period, Banora Point, 2486 has seen a median price increase of 1.40% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Banora Point, 2486. Typically our figures indicate that -3.90% is being offered, which puts this NSW suburb at 3230th most discounted overall in Australia.
Using the current median advertised rental of $510 and the average annual increase in value of a median property of 3.32%, investors should hope to achieve an overall return of 4.87%
NSW has seen average median house prices change by 5.88% which means that Banora Point, 2486 has done well for property investors by showing a capital gain of 8.82% over the last year
The five-year average increase in median property values for Banora Point,2486 has given property investors a potential capital gain of 7.25% 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 -4.41% offered to property buyers. Sellers in Banora Point itself are offering an average vendor discount of -3.56% to real estate investors.
With the median price for a house in Banora Point being $370000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.62%