Suburb Profile Report for Salamander Bay NSW (2317)

Salamander Bay House: Median price $599,000, Annual capital growth 3.53%, Number of sales 121, Weekly median advertised rent $450

Salamander Bay Unit: Median price $392,000, Annual capital growth 4.79%, Number of sales 43, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Salamander Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.17%

When looking at the potential capital gains offered to property investors over the last 3 years, Salamander Bay comes in at number 1099th in NSW.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Salamander Bay, 2317. Typically our figures indicate that -4.24% is being offered, which puts this NSW suburb at 2788th most discounted overall in Australia.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 3.53%.

Salamander Bay is in the TOP 30% in NSW when comparing median price capital growth over the last year. Salamander Bay gave property investors a good capital gain figure when compared to the rest of the state, with 13.79%.

If we look at median property appreciation over just the last three months, Salamander Bay has given property investors a paper return of 4.81%. This puts Suburb as 105 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Salamander Bay is giving property investors an average Vendor Discount of around -2.82%. This puts suburb at number 370th in NSW when ranking the most discounted suburbs.

Advertised rents are around the $390 mark per week – giving a return of 5.17% based on the median price in Suburb

Metrics i HOUSE UNIT
$599,000 $392,000
1.53% 4.81%
4.17% 13.79%
3.53% 4.79%
$450 $390
121 43
3.91% 5.17%
67.63 64.12

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4843
Median household income ($/weekly) 857
Median age of persons 50
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 557 11.5
    45-54 years 611 12.6
    55-64 years 622 12.8
    65-74 years 787 16.2
    75-84 years 535 11.0
    Others 1732 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1922 53.9
    Not Married 1372 38.4
    Defacto Relationship 275 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3814 85.0
    Papua New Guinea 63 1.4
    United Kingdom 352 7.8
    United States of America 22 0.5
    Other 55 1.2
    Others 183 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 3500 80.5
    No Religion 812 18.7
    Buddhism 18 0.4
    Other Religious Groups 12 0.3
    Judaism 8 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 192 10.8
    $400-$599 321 18.1
    $600-$799 221 12.4
    $800-$999 204 11.5
    $1,500-$1,999 199 11.2
    Others 639 36.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1989 53.0
    Employed, worked full-time 929 24.8
    Employed, worked part-time 618 16.5
    Employed, away from work 122 3.3
    Unemployed, looking for work 94 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 12.4
    Professionals 232 13.9
    Technicians & trades workers 289 17.4
    Clerical & administrative workers 216 13.0
    Sales 226 13.6
    Others 495 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 80 9.0
    Infants/Primary 329 37.0
    Secondary 279 31.4
    Technical or Further Educational Institution 87 9.8
    University or other Tertiary Institutions 98 11.0
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3132 71.3
    Semi-detached, row or terrace house, townhouse 1038 23.6
    Flat, unit or apartment 163 3.7
    Caravan, cabin, houseboat 57 1.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 881 46.5
    Rented 555 29.3
    Being purchased 416 21.9
    Other tenure type 44 2.3
    Tenure Type
Census 2011, ABS
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