The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $825,000.
The upward trend in home prices in SHELLY BEACH, 2261 averaged 15.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 2.71% increase in returns based on the current median price in SHELLY BEACH.
An average of 2.08 real estate transactions take place per month in SHELLY BEACH which translates to 25 per annum.
25 properties were sold in SHELLY BEACH in 2016, making it the 774th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.48%||N/A|
|Median 3 years||47.32%||N/A|
|Median 5 years||66.67%||N/A|
|10 years average annual||7.02%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||58.1 days||N/A|
|Gross Rental Yield Percent||2.71%||N/A|