SHELLHARBOUR, 2529 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling SHELLHARBOUR, 2529 values up and netting property investors a capital gain of 13.6% for the past year.
Investors saw the median home price rise to $852,000.
Profits due to an upward trend in home prices in the suburb averaged 14% per annum over a 3-year period.
SHELLHARBOUR now ranks at the 493rd 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 SHELLHARBOUR are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $500 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SHELLHARBOUR, homes and units usually stay on listing for an average of 76.9 days.
In 2016, 42 properties were sold in SHELLHARBOUR during the past year, making it the 480th most active market in NSW based on total real estate transactions.
SHELLHARBOUR ranks 206th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
SHELLHARBOUR, 2529 has a capital gain of 13.99% for the past year, which is lower than average compared to its 81.52% growth within a five-year period.
SHELLHARBOUR, 2529 ranks 294th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.99% for property investors last year.
With the median home price in SHELLHARBOUR sitting at $550,000, and the average rent at $440, property owners could potentially earn a 4.16% increase in gross rental yield.
Homeowners and real estate investors betting on SHELLHARBOUR, 2529 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.99%.
A survey of average capital gains or median home price increase in suburbs across the country shows that SHELLHARBOUR, 2529 obtained a 5.49% growth over a ten-year period. It ranks 606th on our list of suburbs that property investors should look into.