Over the last year, property investments in Bermagui, 2546 have given investors a capital gain of 13.02%. This compares favourably with the 9.74% 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 Bermagui has increased when compared to the 5 year average annual rate.
At number 621th of NSW’s most discounted properties, Bermagui is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Bermagui have been waiting around 131.55 days to sell a property.
With the median price for a house in Bermagui being $460000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 3.45%
With a capital gain of 14.45% for the last 12 months, Bermagui, 2546 has performed for property investments than its average annual 3.51% property growth over the last 5 years.
While Bermagui,2546 ranked number 23th in NSW for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.
Property buyers and investors in Bermagui 2546 should be seeing an average reduction in asking price of around -2.80% . This means that Bermagui is holding prices well when compared to other suburbs in NSW.
At number 1381 in a list of fastest selling suburbs, Bermagui is in the bottom 10% of suburbs in Australia with an average of days on market 134.61 for properties listed there.