Shoal Bay

POSTAL CODE: NSW, 2315

HOUSE

UNIT

Property investments in SHOAL BAY did not fare well against the rest of the country last year, registering a median home price decrease of -8.3%.

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

Based on its average 5-year and quarterly capital gains SHOAL BAY, 2315 saw average growth in the long term.

Real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 62.6 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,215,000.

SHOAL BAY ranks 701st on the list of best yielding suburbs for rental properties in NSW, posting a 3% return.

Based on its average 5-year and quarterly capital gains SHOAL BAY, 2315 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in SHOAL BAY, 2315 averaged 6.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $560 mark, reflecting a 3.54% increase in returns based on the current median price in SHOAL BAY.

An average of 3 real estate transactions take place per month in SHOAL BAY which translates to 36 per annum.

36 properties were sold in SHOAL BAY during the past year, making it the 212th most active market in NSW based on total real estate transactions.

SHOAL BAY, 2315 places 126th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,215,000	$822,500
Growth Report
Median Quarterly	-1.02%	3.07%
Median 12 month	-8.3%	-4.36%
Median 3 years	9.21%	19.81%
Median 5 years	64.19%	64.5%
10 years average annual	10.76%	10.02%
Weekly media advert. rent	$700	$560
Time on Market	62.6 days	77.9 days
Gross Rental Yield Percent	3%	3.54%

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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