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Nelson Bay
AREA REPORTS

Nelson Bay

Nelson Bay - 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $713,900.

The upward trend in home prices in NELSON BAY, 2315 averaged 5.02% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.28% increase in returns based on the current median price in NELSON BAY.

An average of 13 real estate transactions take place per month in NELSON BAY which translates to 156 per annum.

156 properties were sold in NELSON BAY in 2016, making it the 1129th most active market in NSW based on total real estate transactions.

NELSON BAY, 2315 places 304th in Australia based on median property value growth during the quarter.

Data report can be found below

Nelson Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $713,900 $445,000
GROWTH REPORT
Median Quarterly 6.55% 1.71%
Median 12 month 11.55% 6.5%
Median 3 years 15.05% 9.67%
Median 5 years 48.11% 29.93%
10 years average annual 5.56% 2.8%
Weekly media advert. rent $450 $380
Time on Market 96.6 days 96.2 days
Gross Rental Yield Percent 3.28% 4.44%
demographics (median values)*
Total Population
14658
Weekly Household Income
1124
Household Size
2.30
Age
51
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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