If you compare the increase in value of investment property in Shellharbour, 2529 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.26%.
If we look at median property appreciation over just the last three months, Shellharbour has given property investors a paper return of 2.94%. This puts Suburb as 472 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Shellharbour are currently offering property investors an average price cut of -3.29% below the asking price at the moment.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 3.94%
Over the last year, property investments in Shellharbour, 2529 have given investors a capital gain of 12.09%. This compares favourably with the 5.59% for NSW as a whole.
Shellharbour,2529 has offered an average of 12.09% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Shellharbour is giving property investors an average Vendor Discount of around -3.64%. This puts suburb at number 333th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Shellharbour the average time real estate has been on the market is 69 days.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.81%, investors should hope to achieve an overall return of 4.60%