Salamander Bay

POSTAL CODE: NSW, 2317

HOUSE

UNIT

Property investors have seen a -0.61% drop in SALAMANDER BAY based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on SALAMANDER BAY, 2317 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.95%.

Based on its average 5-year and quarterly capital gains SALAMANDER BAY, 2317 saw average growth in the long term.

The NSW 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 $1,217,500

Profits averaged 7.33% per annum over a 3-year period, due to an upward trend in home prices in SALAMANDER BAY, 2317.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in SALAMANDER BAY, 2317 is 3.2%.

An average of 8.17 real estate transactions take place per month in SALAMANDER BAY which translates to 98 per annum.

Property investments in SALAMANDER BAY did not fare well against the rest of the country last year, registering a median home price decrease of 6.87%.

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

Based on its average 5-year and quarterly capital gains SALAMANDER BAY, 2317 saw average growth in the long term.

This means, real estate investors could earn a rental income of $630 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 SALAMANDER BAY, homes and units usually stay on listing for an average of 73.3 days.

the NSW 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

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

SALAMANDER BAY ranks 167th on the list of best yielding suburbs for rental properties in NSW, posting a 4.68% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,217,500	$700,000
Growth Report
Median Quarterly	-0.61%	2.19%
Median 12 month	15.95%	6.87%
Median 3 years	22.98%	20.17%
Median 5 years	65.42%	56.95%
10 years average annual	8.01%	7.03%
Weekly media advert. rent	$750	$630
Time on Market	102.4 days	73.3 days
Gross Rental Yield Percent	3.2%	4.68%

Demographics (Median Values)*

Total Population 6244

Weekly Household Income 1043

Household Size 2.20

Average Age 52

Monthly Loan Repayment 1692

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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