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Bateau Bay
AREA REPORTS

Bateau Bay

Bateau Bay - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2261

house
unit

BATEAU BAY, 2261 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling BATEAU BAY, 2261 values up and netting property investors a capital gain of 39.33% for the past year.

Investors saw the median home price rise to $1,045,000.

Profits due to an upward trend in home prices in the suburb averaged 17.99% per annum over a 3-year period.

BATEAU BAY now ranks at the 118th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BATEAU BAY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $580 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BATEAU BAY, homes and units usually stay on listing for an average of 25.6 days.

In 2016, 243 properties were sold in BATEAU BAY during the past year, making it the 835th most active market in NSW based on total real estate transactions.

Data report can be found below

Bateau Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,045,000 $660,000
GROWTH REPORT
Median Quarterly 14.71% 3.13%
Median 12 month 39.33% 50%
Median 3 years 53.96% 40.43%
Median 5 years 74.17% 55.29%
10 years average annual 11.2% 10.85%
Weekly media advert. rent $580 $495
Time on Market 25.6 days 28.1 days
Gross Rental Yield Percent 2.89% 3.9%
demographics (median values)*
Total Population
52754
Weekly Household Income
1208
Household Size
2.50
Age
42
Monthly Loan Repayment
1759
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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