At number 117th in the list of Australian suburbs ordered by increase in median house value over the last year, Bulli, 2516 is in the top 10% with a property value increase of 26.67% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bulli has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bulli should be aiming for at least -2.71% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors who have had real estate in Bulli, 2516 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 31.52%
While Bulli,2516 ranked number 57th in NSW for increase in median house value (annualised) increase, it is ranked 498th over the last 5 years.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 7.52%, investors should hope to achieve an overall return of 4.13%