Shoal Bay has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.11% to date .
Comparing Shoal Bay,2315 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.30% to buyers in Shoal Bay at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $360 mark per week – giving a return of 3.79% based on the median price in Suburb
If you compare the increase in value of investment property in Shoal Bay, 2315 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.79%.
Shoal Bay,2315 was ranked 1036 in Australia by increase in median property value over the quarter.
The most recent median price for Shoal Bay is $355000, with sellers offering an average of -5.04% off the asking price.
In the last year 45 properties changed hands in Shoal Bay, which puts it as the 270th most active market in NSW when comparing the number of sales per suburb.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 1.09%.