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 14.23%
Nelson Bay,2315 was ranked 610 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.85% to buyers in Nelson Bay at the moment, which is less than average for the rest of NSW.
Residents and property investors in Nelson Bay have been waiting around 70.87 days to sell a property.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 3.73%, investors should hope to achieve an overall return of 3.88%
Nelson Bay is in the TOP 30% in NSW when comparing median price capital growth over the last year. Nelson Bay gave property investors a good capital gain figure when compared to the rest of the state, with 15.00%.
Across a shorter period, Nelson Bay, 2315 has seen a median price increase of 2.22% over the last quarter.
Sellers are offering property buyers an average discount of -5.21% to buyers in Nelson Bay at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 16.17 sales per month, which equates to 194 per year.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.