According to the latest figures compiled by realestate.com.au the Annual growth for Ettalong Beach was 13.3%. The median property price is $650,000, the median rent is $380.00pw, the rental yield is 3.0%.
Ettalong Beach is an exciting area to watch as many expect that property prices will appreciate with the changing character of the pretty seaside village.
The new Atlantis development on the Esplanade has reportedly been selling fast. The new development will enliven the area with new cafes and restaurants. It will also provide employment opportunities for many locals.
However, if you don’t have a cool $650,000 to buy another investment then some other areas are delivering results. Investors looking for higher rental returns have headed to regional areas, that often do not enjoy the same capital gains as Sydney and the Central Coast.
Areas such as Broken Hill enjoyed a rental yield of 11.6% and a median house price of $108,000. Boggabri was another regional area that faired well with a rental yield of 8.9% and a median house price of $175,000.
If you are thinking of purchasing another investment property on the Peninsula, even if you buy through another agent, we can assist you with a rental appraisal and the management of your new investment.