If you compare the increase in value of investment property in Bonbeach, 3196 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.98%.
Bonbeach,3196 has offered an average of 13.98% return per annum in house price rises to property investors over the last three years.
The most recent median price for Bonbeach is $840000, with sellers offering an average of -1.80% off the asking price.
Using the current median advertised rental of $477.5 and the average annual increase in value of a median property of 6.91%, investors should hope to achieve an overall return of 2.96%
Over the last year, property investments in Bonbeach, 3196 have given investors a capital gain of 10.68%. This compares favourably with the 4.90% for VIC 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 Bonbeach has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.83% offered to property buyers. Sellers in Bonbeach itself are offering an average vendor discount of -3.83% to real estate investors.
Situated 28.95km from the CBD, Bonbeach is one of Kingston localities in the postcode 3196.