AREA REPORTS

Nelson Bay

Suburb Profile

Nelson Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2315

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

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 $665,000.

The upward trend in home prices in NELSON BAY, 2315 averaged 14.34% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.52% increase in returns based on the current median price in NELSON BAY.

An average of 11.33 real estate transactions take place per month in NELSON BAY which translates to 136 per annum.

136 properties were sold in NELSON BAY in 2016, making it the 1192nd most active market in NSW based on total real estate transactions.

NELSON BAY, 2315 places 166th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $665,000 $411,000
GROWTH REPORT
Median Quarterly 5.39% 2.43%
Median 12 month 16.87% -0.72%
Median 3 years 43.01% 22.69%
Median 5 years 71.83% 32.58%
10 years average annual 4.85% 1.49%
Weekly media advert. rent $450 $370
Time on Market 69.8 days 87.7 days
Gross Rental Yield Percent 3.52% 4.68%
demographics (median values)
Total Population
4111
Weekly Household Income
703.2
Household Size
2.20
demographics
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