NSW has seen average median house prices change by 7.15% which means that Surf Beach, 2536 has done well for property investors by showing a capital gain of 6.47% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surf Beach has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.47% to buyers in Surf Beach at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 0.72%, investors should hope to achieve an overall return of 5.62%
Property value increases in Surf Beach have tracked just higher than the NSW average of 6.59% over the last 12 months.
Over the longer term, Surf Beach has seen property prices show investors a 1.87% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Surf Beach is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 196th in terms of most discounted suburbs in NSW
Situated 189.64km from the CBD, Surf Beach is one of Eurobodalla localities in the postcode 2536.