South Golden Beach has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 16.24% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, South Golden Beach comes in at number 11th in NSW.
Property investors looking for a bargain in South Golden Beach should be aiming for at least -6.80% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
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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.