Over the last year, property investments in Shoal Bay, 2315 have given investors a capital gain of 15.85%. This compares very favourably with the 6.38% for NSW as a whole.
Shoal Bay,2315 was ranked 359 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Shoal Bay should be aiming for at least -4.63% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1053 in a list of fastest selling suburbs, Shoal Bay is in the TOP 30% of suburbs in Australia with an average of days on market 64.38 for properties listed there.
With the median price for a house in Shoal Bay being $530000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.43%
Shoal Bay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.77% to date .
A 13.54% growth in median value for property investors in Shoal Bay,2315 puts this suburb at number 168th in terms of best performing suburbs in NSW
At number 334th of NSW’s most discounted properties, Shoal Bay is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Shoal Bay, 2315’s gross rental yield is 4.37%