If you compare the increase in value of investment property in Bonbeach, 3196 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.20%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bonbeach has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bonbeach should be aiming for at least -8.12% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1400 in a list of fastest selling suburbs, Bonbeach is in the TOP 40% of suburbs in Australia with an average of days on market 71.6522 for properties listed there.
Bonbeach, 3196’s gross rental yield is 3.12%
Bonbeach has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -10.58% to date .
Over the longer term, Bonbeach has seen property prices show investors a 0.05% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Bonbeach are currently offering property investors an average price cut of -8.19% below the asking price at the moment.
Advertised rents are around the $400 mark per week – giving a return of 3.88% based on the median price in Suburb