Suburb Profile Report for Nelson Bay NSW (2315)

Nelson Bay House: Median price $540,000, Annual capital growth 2.99%, Number of sales 175, Weekly median advertised rent $420

Nelson Bay Unit: Median price $405,000, Annual capital growth 0.15%, Number of sales 228, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Nelson Bay, 2315 have given investors a capital gain of 12.15%. This compares favourably with the 8.26% for NSW as a whole.

Over the longer term, Nelson Bay has seen property prices show investors a 25.58% return over the last 3 years. This is worse than over the last 12 months

At number 977th of NSW’s most discounted properties, Nelson Bay is in the TOP 30% of the state/territory when listing in order of most discounted to least.

With a capital gain of 16.97% for the last 12 months, Nelson Bay, 2315 has performed for property investments than its average annual 0.15% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Nelson Bay comes in at number 292th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Nelson Bay itself are offering an average vendor discount of -3.82% to real estate investors.

At number 920 in a list of fastest selling suburbs, Nelson Bay is in the bottom 40% of suburbs in Australia with an average of days on market 86.5 for properties listed there.

With the median price for a house in Nelson Bay being $405000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.49%

Metrics i HOUSE UNIT
$540,000 $405,000
3.85% 3.85%
12.15% 16.97%
2.99% 0.15%
$420 $350
175 228
4.04% 4.49%
78.58 86.5

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 5396
Median household income ($/weekly) 930
Median age of persons 47
Median housing loan repayment ($/monthly) 1800
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 592 11.0
    35-44 years 622 11.5
    45-54 years 740 13.7
    55-64 years 863 16.0
    65-74 years 756 14.0
    Others 1824 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 1957 51.1
    Not Married 1522 39.8
    Defacto Relationship 349 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4211 84.0
    Greece 32 0.6
    Papua New Guinea 78 1.6
    United Kingdom 316 6.3
    Other 92 1.8
    Others 287 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.8
    Christianity 3691 75.8
    Islam 8 0.2
    Other Religious Groups 29 0.6
    No Religion 1095 22.5
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 289 14.9
    $600-$799 257 13.3
    $800-$999 204 10.5
    $1,000-$1,249 183 9.4
    $1,500-$1,999 198 10.2
    Others 807 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1844 43.8
    Employed, worked full-time 1243 29.5
    Employed, worked part-time 815 19.4
    Employed, away from work 154 3.7
    Unemployed, looking for work 153 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 296 13.4
    Professionals 374 16.9
    Technicians & trades workers 362 16.4
    Community & personal service workers 275 12.5
    Clerical & administrative workers 273 12.4
    Others 628 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 93 9.3
    Infants/Primary 386 38.4
    Secondary 277 27.6
    Technical or Further Educational Institution 106 10.6
    University or other Tertiary Institutions 107 10.7
    Others 35 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3252 68.3
    Semi-detached, row or terrace house, townhouse 903 19.0
    Flat, unit or apartment 578 12.1
    Caravan, cabin, houseboat 16 0.3
    House or flat attached to a shop, office 12 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 836 40.1
    Rented 768 36.8
    Being purchased 477 22.9
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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