Giving property investors a a stable capital gain of 6.64% for the last year, Shellharbour, 2529 is the 1632th highest performer in Australia in this respect.
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.
Property investors looking for a bargain in Shellharbour should be aiming for at least -3.89% off the asking price, which is the average vendor discount being achieved at the moment.
At number 641 in a list of fastest selling suburbs, Shellharbour is in the TOP 20% of suburbs in Australia with an average of days on market 52.48 for properties listed there.
Advertised rents are around the $540 mark per week – giving a return of 4.11% based on the median price in Suburb
If you compare the increase in value of investment property in Shellharbour, 2529 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.98%.
Taking the average capital gain, or increase in median house value, Shellharbour,2529 has racked up an average of 10.98% over the period. This ranks it number 95th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Shellharbour, 2529. Typically our figures indicate that -3.44% is being offered, which puts this NSW suburb at 1237th most discounted overall in Australia.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.