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