If you compare the increase in value of investment property in Shellharbour, 2529 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 20.33%.
When looking at the potential capital gains offered to property investors over the last 3 years, Shellharbour comes in at number 304th in NSW.
Property investors looking for a bargain in Shellharbour should be aiming for at least -4.73% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 6.35%, investors should hope to achieve an overall return of 3.41%
NSW has seen average median house prices change by 6.96% which means that Shellharbour, 2529 has done well for property investors by showing a capital gain of 6.99% over the last year
While Shellharbour,2529 ranked number 264th in NSW for increase in median house value (annualised) increase, it is ranked 337th over the last 5 years.
At number 94th of NSW’s most discounted properties, Shellharbour is in the bottom 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Shellharbour being $490000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.56%