Investment property in Ramsgate has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.97%
While Ramsgate,2217 ranked number 18th in NSW for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.
With the median price for a house in Ramsgate being $1420000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.38%
At number 1059th in the list of Australian suburbs ordered by increase in median house value over the last year, Ramsgate, 2217 is in the BOTTOM 40% with a property value increase of -4.43% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ramsgate has increased when compared to the 5 year average annual rate.
Ramsgate is 227th on a list of best yielding suburbs for rents in NSW with a 4.21% return