Over the last year, property investments in Kiama, 2533 have given investors a capital gain of 17.24%. This compares very favourably with the 7.15% for NSW as a whole.
The five-year average increase in median property values for Kiama,2533 has given property investors a potential capital gain of 51.79% across each of those five years.
At number 939th 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.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 5.78%.
Kiama has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.83% to date .
Over the longer term, Kiama has seen property prices show investors a 25.61% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Kiama should be aiming for at least -4.62% off the asking price, which is the average vendor discount being achieved at the moment.
At number 656 in a list of fastest selling suburbs, Kiama is just in the top half of suburbs in Australia with an average of days on market 71.45 for properties listed there.
A $457.5 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 3.99%.
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.