NSW has seen average median house prices change by 7.28% which means that Kiama, 2533 has done well for property investors by showing a capital gain of 8.01% over the last year
While Kiama,2533 ranked number 875th in NSW for increase in median house value (annualised) increase, it is ranked 639th over the last 5 years.
Property investors looking for a bargain in Kiama should be aiming for at least -4.24% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Kiama, 2533 is in the Kiama local government area.
Property value increases in Kiama have tracked higher than the NSW average of 5.73% over the last 12 months.
Over the longer term, Kiama has seen property prices show investors a 35.37% return over the last 3 years. This is worse than over the last 12 months
At number 157th of NSW’s most discounted properties, Kiama is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Kiama, 2533’s gross rental yield is 4.31%
The Shellharbour coastline of NSW stretches southward from the banks of Lake Illawarra to the popular fishing resort of Kiama.Full summary
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The Shellharbour coastline of NSW stretches southward from the banks of Lake Illawarra to the popular fishing resort of Kiama. With its close proximity to the industrial precinct at Port Kembla, a suburb of Wollongong, demand for rental properties is being bolstered by emerging capital works including a new power plant and a new automotive importing facility.
Nestled between Lake Illawarra and the Pacific coastline is the town of Shellharbour, and its satellite suburbs, Blackbutt and Flinders in particular, are taking off in terms of population growth.