With a capital gain of 6.87% for the last 12 months, Shellharbour, 2529 has performed for property investments than its average annual 4.56% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shellharbour has increased when compared to the 5 year average annual rate.
Vendor discounting in Shellharbour is giving property investors an average Vendor Discount of around -3.12%. This puts suburb at number 1119th in NSW when ranking the most discounted suburbs.
Situated 84.89km from the CBD, Shellharbour is one of Shellharbour localities in the postcode 2529.
Investment property in Shellharbour 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 11.79%
Across a shorter period, Shellharbour, 2529 has seen a median price increase of 3.98% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Shellharbour is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 144th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Shellharbour the average time real estate has been on the market is 81.31 days.