Nelson Bay

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 $1,000,000.

The upward trend in home prices in NELSON BAY, 2315 averaged 2.7% per annum over a 3-year period.

Average weekly rents on listings have reached the $725 mark, reflecting a 3.77% increase in returns based on the current median price in NELSON BAY.

An average of 9.42 real estate transactions take place per month in NELSON BAY which translates to 113 per annum.

113 properties were sold in NELSON BAY in 2016, making it the 1344th most active market in NSW based on total real estate transactions.

NELSON BAY, 2315 places 1266th in Australia based on median property value growth during the quarter.

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 $700,000.

Average median unit prices in NSW have risen as a whole, pulling NELSON BAY, 2315 values up and netting property investors a capital gain of 6.06% for the past year.

Investors saw the median home price rise to $700,000.

The downward trend in home prices in NELSON BAY, 2315 averaged -0.24% per annum over a 3-year period.

NELSON BAY now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NELSON BAY are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $590 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In NELSON BAY, homes and units usually stay on listing for an average of 92 days.

124 properties were sold in NELSON BAY in 2016, making it the 565th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,000,000	$700,000
Growth Report
Median Quarterly	-7.19%	0%
Median 12 month	-13.04%	6.06%
Median 3 years	8.11%	-0.71%
Median 5 years	35.69%	44.33%
10 years average annual	7.95%	7.36%
Weekly media advert. rent	$725	$590
Time on Market	82.3 days	92 days
Gross Rental Yield Percent	3.77%	4.38%

Demographics (Median Values)*

Total Population 14658

Weekly Household Income 1124

Household Size 2.30

Average 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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