The suburb’s capital gain of -4.51% for the past year is lower than average compared to its 1.19% growth within a five-year period.
Property investors have seen a -7.76% drop in PAMBULA based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.05% growth over a ten-year period. It ranks 849th on our list of suburbs that property investors should look into.
Famed for its Sapphire Coast, the town of Pambula belongs to the Bega Valley Shire local government area of New South Wales and is situated near Australia’s south-eastern coast. Its name was derived from the Aboriginal word for “two waters,” inspired by surrounding bodies of water. A popular holiday destination, Pambula is characterised by craggy cliffs and unspoilt beaches. It has a population of 1,025.
Things to do in Pambula
Pambula Beach is no doubt a top attraction for vacationers and property owners in the town. The Pambula River Mouth is also within an arm’s reach, perfect for swimming or fishing. Local oyster farms are also a must-visit destination in the suburb.
Then there’s the Pambula Merimbula Golf Club, a 27-hole golf course for players and enthusiasts. The Ben Boyd National Park, meanwhile, is a drive away for those in the mood for bushwalking. However, travellers need not go far as there are a number of walking and biking tracks in the area.
Pambula properties for sale
Pambula Beach real estate is considered prime property due to its proximity to scenic nature spots. The average house price in Pambula is on the lower end of the spectrum at $350,000; units are also remarkably affordable at $287,000.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.51%||N/A|
|Median 3 years||5.94%||N/A|
|Median 5 years||1.19%||N/A|
|10 years average annual||1.05%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||95.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|