Suburb Profile
Nelson Bay - FREE SUBURB PROFILE REPORT POSTAL CODE: NSW,2315
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $625,000.
The upward trend in home prices in NELSON BAY, 2315 averaged 10.99% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.74% increase in returns based on the current median price in NELSON BAY.
An average of 12.58 real estate transactions take place per month in NELSON BAY which translates to 151 per annum.
151 properties were sold in NELSON BAY in 2016, making it the 1087th most active market in NSW based on total real estate transactions.
NELSON BAY, 2315 places 403rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,000 | $400,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.04% | -4.19% |
| Median 12 month | 15.74% | -1.23% |
| Median 3 years | 32.98% | 12.36% |
| Median 5 years | 60.26% | 29.03% |
| 10 years average annual | 4.02% | 0.97% |
| Weekly media advert. rent | $450 | $370 |
| Time on Market | 63.4 days | 87.4 days |
| Gross Rental Yield Percent | 3.74% | 4.81% |
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