NSW has seen average median house prices change by 9.74% which means that Shoal Bay, 2315 has done well for property investors by showing a capital gain of 20.16% over the last year
Shoal Bay,2315 has offered an average of 20.16% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Shoal Bay itself are offering an average vendor discount of -2.53% to real estate investors.
With the median price for a house in Shoal Bay being $581250 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.22%
Property value increases in Shoal Bay have tracked higher than the NSW average of 6.96% over the last 12 months.
While Shoal Bay,2315 ranked number 40th in NSW for increase in median house value (annualised) increase, it is ranked 340th over the last 5 years.
Vendor discounting in Shoal Bay is giving property investors an average Vendor Discount of around -3.09%. This puts suburb at number 353th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $320 weekly from the median priced house in this suburb.