With a capital gain of 15.44% for the last 12 months, Coal Point, 2283 has performed for property investments than its average annual 2.97% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coal Point has increased when compared to the 5 year average annual rate.
The most recent median price for Coal Point is $785000, with sellers offering an average of -4.85% off the asking price.
At number 859 in a list of fastest selling suburbs, Coal Point is in the bottom 30% of suburbs in Australia with an average of days on market 80.35 for properties listed there.
Advertised rents are around the $500 mark per week – giving a return of 3.31% based on the median price in Suburb