Property investors who have had real estate in Batehaven, 2536 should be ok 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 8.42%
The five-year average increase in median property values for Batehaven,2536 has given property investors a potential capital gain of 15.99% across each of those five years.
Sellers are offering property buyers an average discount of -3.93% to buyers in Batehaven at the moment, which is less than average for the rest of NSW.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.21%, without taking into account capital value appreciation, which has been averaging out at 1.64%.
Giving property investors a a solid capital gain of 19.35% for the last year, Batehaven, 2536 is the 186th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Batehaven,2536 has racked up an average of 19.35% over the period. This ranks it number 684th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Batehaven is giving property investors an average Vendor Discount of around -4.40%. This puts suburb at number 169th in NSW when ranking the most discounted suburbs.
With the median price for a house in Batehaven being $296000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.74%
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