Giving property investors a a solid capital gain of 10.81% for the last year, South Golden Beach, 2483 is the 581th highest performer in Australia in this respect.
South Golden Beach,2483 has offered an average of 10.81% return per annum in house price rises to property investors over the last three years.
South Golden Beach, 2483 is offering NSW ‘s 486th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
In the last year 23 properties changed hands in South Golden Beach, which puts it as the 987th most active market in NSW when comparing the number of sales per suburb.
Situated 637.31km from the CBD, South Golden Beach is one of Byron (A) localities in the postcode 2483.
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House market benefits from having good neighbours
Median house price: $695,000
Three-year growth: 44.49%
Rental yield: 3.78%
Near the Queensland border, the small coastal suburb of South Golden Beach sees strong demand even with a lack of amenities.
The suburb reported a rise of over 36% in house prices in the year leading up to May 2017, with the median value coming in at just under $700,000. Even then, discount rates are low at an average of only 3.48%, indicating that price is not a problem for buyers.
South Golden Beach is surrounded by suburbs rich in conveniences, such as Byron Bay and Ocean Shores. Thus, residents have access to many schools, including Byron Bay Public school, Byron Bay High School and Byron Region Community College. Residents can also meet their shopping needs at the Ocean Shores Shopping Centre.