Giving property investors a an unimpressive capital gain of 0.79% for the last year, Batehaven, 2536 is the 2930th highest performer in Australia in this respect.
While Batehaven,2536 ranked number 479th in NSW for increase in median house value (annualised) increase, it is ranked 1153th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Batehaven is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 640th in terms of most discounted suburbs in NSW
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 1.56%.
Over the last year, property investments in Batehaven, 2536 have given investors a capital gain of 18.86%. This compares very favourably with the 7.74% 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 Batehaven has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.05% to buyers in Batehaven at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $265 and the average annual increase in value of a median property of 2.00%, investors should hope to achieve an overall return of 4.70%
Units in Batehaven are reasonably priced at just over $300,000. And despite slipping slightly over the past 12 months, the market recovered strongly during the December 2016 quarter with a growth of 24%.Full summary
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Beach suburb caters to Canberrans and Sydneysiders
Median unit price: $307,500
Three-year growth: 39.77%
Rental yield: 4.57%
The coastside suburb of Batehaven finds itself closer to the capital of Canberra than to Sydney. Thus, it benefits from being close to buyers from both the Australian Capital Territory and New South Wales.
Units in Batehaven are reasonably priced at just over $300,000. And despite slipping slightly over the past 12 months, the market recovered strongly during the December 2016 quarter with a growth of 24%. Investors are also enjoying an average yield of almost 5%, while sellers are able to catch the attention of interested parties even at a discount rate of just 4.2%.
Batehaven is only 4km from the popular tourist town Batemans Bay. As a result, Batehaven residents are in close proximity to shops, dining establishments and employment opportunities in forestry and oyster farming.
Bus services are provided for commuters looking to travel to the capitals.Close