Suburb Profile Report for Nelson Bay NSW (2315)

Nelson Bay House: Median price $570,000, Annual capital growth 3.73%, Number of sales 166, Weekly median advertised rent $425

Nelson Bay Unit: Median price $414,000, Annual capital growth 0.41%, Number of sales 194, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$570,000 $414,000
5.56% 2.22%
14.23% 15.00%
3.73% 0.41%
$425 $340
166 194
3.88% 4.27%
70.87 81.97

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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