Investment property in Maroubra has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.81%
Maroubra,2035 has offered an average of -10.81% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Maroubra is offering property investors an average of -7.34. This rate of discount on properties puts Suburb at number 469th in terms of most discounted suburbs in NSW
In the last year 157 properties changed hands in Maroubra, which puts it as the 71th most active market in NSW when comparing the number of sales per suburb.
With a capital gain of -8.73% for the last 12 months, Maroubra, 2035 has performed for property investments than its average annual 5.22% property growth over the last 5 years.
Comparing Maroubra,2035 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Maroubra, 2035 is offering NSW ‘s 209th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Property investors should expect to get $630 weekly from the median priced house in this suburb.
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Apartment stock swells
Median unit price: $905,000
Stock on market: 42.6%
12-month growth: 11.4%
Maroubra is the ideal place to be for those who want the best of both beach and city living. Located just 10km from the Sydney CBD right on Maroubra Beach, this suburb saw property supply rise over the past 12 months to serve the significant demand.
According to Real Estate Investar, Maroubra recorded a vacancy rate of just 1.9% in the year leading up to November 2017, so the 42.6% increase in dwelling stock is certainly welcome. Units account for the majority of this increase, with the number of apartments almost doubling in the space of 12 months.
Unit prices soared by 11.4% in the same period, and such homes are on the market for an average of just 50 days before being snapped up by buyers.