At number 2462th in the list of Australian suburbs ordered by increase in median house value over the last year, Kiama, 2533 is in the BOTTOM 50% with a property value increase of 3.03% recorded in median house prices.
Across a shorter period, Kiama, 2533 has seen a median price increase of -2.16% over the last quarter.
The most recent median price for Kiama is $850000, with sellers offering an average of -3.72% off the asking price.
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
Advertised rents are around the $550 mark per week – giving a return of 3.36% based on the median price in Suburb
Property value increases in Kiama have tracked higher than the NSW average of 6.07% over the last 12 months.
If we look at median property appreciation over just the last three months, Kiama has given property investors a paper return of 7.55%. This puts Suburb as 60 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Kiama is $570000, with sellers offering an average of -4.80% off the asking price.
At number 443 in a list of fastest selling suburbs, Kiama is in the TOP 30% of suburbs in Australia with an average of days on market 62 for properties listed there.
Advertised rents are around the $460 mark per week – giving a return of 4.20% based on the median price in Suburb
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.