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 13.73%
Nelson Bay,2315 was ranked 716 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nelson Bay, 2315. Typically our figures indicate that -3.75% is being offered, which puts this NSW suburb at 3129th most discounted overall in Australia.
Advertised rents are around the $440 mark per week – giving a return of 3.94% based on the median price in Suburb
Property investors who have had real estate in Nelson Bay, 2315 should be ok 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 2.38%
Taking the average capital gain, or increase in median house value, Nelson Bay,2315 has racked up an average of 2.38% over the period. This ranks it number 790th 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 -5.35% . This means that Nelson Bay is holding prices well when compared to other suburbs in NSW.
Nelson Bay is 167th on a list of best yielding suburbs for rents in NSW with a 4.44% return