If you compare the increase in value of investment property in Kiama, 2533 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 12.98%.
The five-year average increase in median property values for Kiama,2533 has given property investors a potential capital gain of 52.32% across each of those five years.
At number 889th of NSW’s most discounted properties, Kiama is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 135 properties changed hands in Kiama, which puts it as the 158th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6360 per annum or $530 every week.
At number 312th in the list of Australian suburbs ordered by increase in median house value over the last year, Kiama, 2533 is in the top 20% with a property value increase of 11.37% recorded in median house prices.
The five-year average increase in median property values for Kiama,2533 has given property investors a potential capital gain of 39.21% across each of those five years.
Our latest figures would indicate that property sellers in Kiama are currently offering property investors an average price cut of -4.99% below the asking price at the moment.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.07%, investors should hope to achieve an overall return of 4.52%
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.