With a capital gain of 9.30% for the last 12 months, Beachmere, 4510 has performed for property investments than its average annual 2.79% 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 Beachmere has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Beachmere are currently offering property investors an average price cut of -4.55% below the asking price at the moment.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.
With the median price for a house in Beachmere being $470000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 4.26%