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Property investors enjoyed capital gains of 12.07% over the last 12 months in SAN REMO, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SAN REMO are low, as opposed to average gains per annum over the past five years.
The suburb posted a 14.71% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.67% increase in returns based on the current median price in SAN REMO.
SAN REMO, 2262 ranks 283rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 382nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.67% return.
San Remo is located on the Central Coast of New South Wales, around 107 kilometres north-northeast of the Sydney central business district. It forms part of the Central Coast Council local government area and uses the postcode 2262. The suburb lies between Budgewoi Lake to the west and the Pacific Ocean to the east, giving it a mix of residential and natural landscapes.
At the 2021 Census, San Remo recorded a population of 4,434 people. The median age was 34 years, younger than the state median of 39. Aboriginal and Torres Strait Islander people comprised 11.2 per cent of the population, higher than the New South Wales average.
Households averaged 2.7 persons and had a median weekly household income of $1,375.
Most dwellings were separate houses, reflecting the suburb’s low-density residential zoning.
Public transport is limited in the suburb. About 86 per cent of employed residents travelled to work by car, while only 1 per cent used a bus or train service.
Bus routes connect San Remo with surrounding suburbs, and the nearest railway station is at Wyong on the Central Coast and Newcastle Line. Road access is provided via the Pacific Highway, which runs close to the suburb and links it with larger service centres.
Essential establishments include Northlakes Public School on Goorama Avenue, which provides primary education, and the Northlakes Community Centre, which offers a range of social and youth programs.
Retail and medical services are available in nearby Blue Haven and Budgewoi, while larger shopping and commercial hubs are found at Lake Haven Centre.
Recreational amenities are closely tied to the natural environment. The suburb’s lakeside position offers access to boating, fishing and scenic walks along the Budgewoi Lake foreshore. Open spaces and nearby reserves contribute to outdoor activities and community gatherings.
The median house price in San Remo is about $754,000, with rental yields averaging 4.4 per cent. Recent data show steady price growth supported by its family-oriented housing and accessible coastal location.