Property investors who have had real estate in Nelson Bay, 2315 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.41%
Over the longer term, Nelson Bay has seen property prices show investors a 24.09% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.89% to buyers in Nelson Bay at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 1.98%, investors should hope to achieve an overall return of 4.29%
Nelson Bay is in the TOP 10% in NSW when comparing median price capital growth over the last year. Nelson Bay gave property investors a very good capital gain figure when compared to the rest of the state, with 18.36%.
Nelson Bay,2315 has offered an average of 18.36% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Nelson Bay is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 273th in terms of most discounted suburbs in NSW
In the last year 204 properties changed hands in Nelson Bay, which puts it as the 50th most active market in NSW when comparing the number of sales per suburb.