Over the last year, property investments in Kiama, 2533 have given investors a capital gain of 1.49%. This compares very badly with the 9.74% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Kiama,2533 has racked up an average of 1.49% over the period. This ranks it number 1191th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Kiama 2533 should be seeing an average reduction in asking price of around -4.38% . This means that Kiama is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Kiama have been waiting around 47.96 days to sell a property.
With the median price for a house in Kiama being $850000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.36%
Giving property investors a a solid capital gain of 15.34% for the last year, Kiama, 2533 is the 254th highest performer in Australia in this respect.
While Kiama,2533 ranked number 164th in NSW for increase in median house value (annualised) increase, it is ranked 134th over the last 5 years.
Kiama2533 is located in NSW which offers an average discount of -4.23% to property investors. Kiama itself is showing figures that indicate -4.55% is the average achievable by property buyers investing in the suburb.
In the last year 97 properties changed hands in Kiama, which puts it as the 161th most active market in NSW when comparing the number of sales per 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.