NSW has seen average median house prices change by 8.99% which means that Bellambi, 2518 has done well for property investors by showing a capital gain of 18.29% over the last year
Across a shorter period, Bellambi, 2518 has seen a median price increase of 2.30% over the last quarter.
Sellers are offering property buyers an average discount of -2.20% to buyers in Bellambi at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Bellambi the average time real estate has been on the market is 31 days.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 6.73%, investors should hope to achieve an overall return of 3.83%
Over the last year, property investments in Bellambi, 2518 have given investors a capital gain of 33.96%. This compares very favourably with the 8.14% for NSW as a whole.
While Bellambi,2518 ranked number 6th in NSW for increase in median house value (annualised) increase, it is ranked 139th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bellambi is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 41th in terms of most discounted suburbs in NSW
The NSW suburb of Bellambi, 2518 is in the Wollongong local government area.