Investment property in Nelson Bay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.06%
Comparing Nelson Bay,2315 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Nelson Bay should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 157 properties changed hands in Nelson Bay, which puts it as the 111th most active market in NSW when comparing the number of sales per suburb.
Nelson Bay is 353th on a list of best yielding suburbs for rents in NSW with a 4.50% return
Giving property investors a a solid capital gain of 18.18% for the last year, Nelson Bay, 2315 is the 142th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Nelson Bay,2315 has racked up an average of 18.18% over the period. This ranks it number 406th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Nelson Bay 2315 should be seeing an average reduction in asking price of around -4.37% . This means that Nelson Bay is holding prices well when compared to other suburbs in NSW.
At number 1147 in a list of fastest selling suburbs, Nelson Bay is in the bottom 30% of suburbs in Australia with an average of days on market 100 for properties listed there.
Property investors should expect to get $330 weekly from the median priced house in this suburb.