Avoca Beach has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.71% to date .
If we look at median property appreciation over just the last three months, Avoca Beach has given property investors a paper return of 3.83%. This puts Suburb as 368 on a list of fastest fasting appreciating suburbs in NSW
At number 406th of NSW’s most discounted properties, Avoca Beach is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 85 properties changed hands in Avoca Beach, which puts it as the 356th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 6.11%, investors should hope to achieve an overall return of 3.07%
Over the last year, property investments in Avoca Beach, 2251 have given investors a capital gain of 24.29%. This compares very favourably with the 7.48% for NSW as a whole.
If we look at median property appreciation over just the last three months, Avoca Beach has given property investors a paper return of 2.35%. This puts Suburb as 177 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.27% offered to property buyers. Sellers in Avoca Beach itself are offering an average vendor discount of -4.49% to real estate investors.
With the median price for a house in Avoca Beach being $870000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.11%