NSW has seen average median house prices change by 0.15% which means that Maroubra, 2035 has done well for property investors by showing a capital gain of -2.36% over the last year
Taking the average capital gain, or increase in median house value, Maroubra,2035 has racked up an average of -2.36% over the period. This ranks it number 2744th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Maroubra should be aiming for at least -7.55% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.
The NSW suburb of Maroubra, 2035 is in the Randwick (C) local government area.
If you compare the increase in value of investment property in Maroubra, 2035 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.58%.
Maroubra,2035 has offered an average of -3.58% return per annum in house price rises to property investors over the last three years.
The most recent median price for Maroubra is $820500, with sellers offering an average of -5.44% off the asking price.
Renters in Suburb are facing rents around $32240 per annum or $620 every week.
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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.