We have compiled a table that compares 13 property data results for 2-bedroom and 3-bedroom units in Gosford.
From an investor's perspective, Gosford's 2-bedroom units offer several advantages over 3-bedroom units:
- The median price of $550,000 for two-bedroom units is notably lower than the $637,000 median price for three-bedroom units, offering a more accessible entry point.
- Two-bedroom units have shown an impressive 7.10% price growth over the past 12 months, contrasting with a -0.50% decline for three-bedroom units, indicating more substantial capital appreciation potential.
- With 125 units sold versus 54, demand appears to be higher for 2-bedroom units, supported by 1,046 buyers interested last month, compared to 881 for 3-bedroom units.
- Rental performance further favours 2-bedroom units, with a gross rental yield of 5.10% versus 5.00% for 3-bedroom units.
- The median rental income of $520 per week, with a 4.00% growth rate over 12 months, slightly outpaces the $600 and 2.60% growth for 3-bedroom units, suggesting stable cash flow.
- Moreover, 270 leases were signed for 2-bedroom units compared to 78 for 3-bedroom units, reflecting higher rental demand.
- The shorter median days on market (35 for sale, 13 for lease) versus 57 and 11 for 3-bedroom units indicates quicker turnover, reducing holding costs.
- Despite higher availability (52 vs. 20 for sale), the market dynamics suggest 2-bedroom units are a more attractive investment option in Gosford currently.
