Surf Beach is an average performer in NSW when comparing median price capital growth over the last year. Surf Beach gave property investors a good capital gain figure when compared to the rest of the state, with 1.06%.
If we look at median property appreciation over just the last three months, Surf Beach has given property investors a paper return of 1.06%. This puts Suburb as 677 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Surf Beach should be aiming for at least -6.35% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 51 properties changed hands in Surf Beach, which puts it as the 563th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 4.60% based on the median price in Suburb
Surf Beach is in the TOP 20% in NSW when comparing median price capital growth over the last year. Surf Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 9.92%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surf Beach has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Surf Beach is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 339th in terms of most discounted suburbs in NSW
With the median price for a house in Surf Beach being $327000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 5.01%