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Nelson Bay

NSW/
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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $640,000.

The upward trend in home prices in NELSON BAY, 2315 averaged 12.54% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.66% increase in returns based on the current median price in NELSON BAY.

An average of 11.92 real estate transactions take place per month in NELSON BAY which translates to 143 per annum.

143 properties were sold in NELSON BAY in 2016, making it the 1181st most active market in NSW based on total real estate transactions.

NELSON BAY, 2315 places 1118th 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 $640,000 $420,000
GROWTH REPORT
Median Quarterly -5.19% 2.82%
Median 12 month 4.07% -1.41%
Median 3 years 37.63% 27.47%
Median 5 years 56.1% 42.37%
10 years average annual 4.86% 2.34%
Weekly media advert. rent $450 $350
Time on Market 73.6 days 85.8 days
Gross Rental Yield Percent 3.66% 4.33%
demographics (median values)
Total Population
4111
Weekly Household Income
703.2
Household Size
2.20
demographics
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