If you compare the increase in value of investment property in Pelican, 2281 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.70%.
If we look at median property appreciation over just the last three months, Pelican has given property investors a paper return of 1.92%. This puts Suburb as 508 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Pelican is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 527th in terms of most discounted suburbs in NSW
Situated 97.29km from the CBD, Pelican is one of Lake Macquarie localities in the postcode 2281.