Gymea Bay has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.32% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gymea Bay has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Gymea Bay is offering property investors an average of -6.46. This rate of discount on properties puts Suburb at number 406th in terms of most discounted suburbs in NSW
Advertised rents are around the $810 mark per week – giving a return of 3.17% based on the median price in Suburb
Giving property investors a a solid capital gain of 12.74% for the last year, Gymea Bay, 2227 is the 214th highest performer in Australia in this respect.
The five-year average increase in median property values for Gymea Bay,2227 has given property investors a potential capital gain of 26.06% across each of those five years.
Often selling an investment property can take time, and in Gymea Bay the average time real estate has been on the market is 66.5455 days.
Using the current median advertised rental of $555 and the average annual increase in value of a median property of 7.50%, investors should hope to achieve an overall return of 2.77%