Investment property in Bellingen has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.69%
Taking the average capital gain, or increase in median house value, Bellingen,2454 has racked up an average of 16.69% over the period. This ranks it number 1048th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Bellingen should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 89 properties changed hands in Bellingen, which puts it as the 339th most active market in NSW when comparing the number of sales per suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 5.45%.