Property investors who have had real estate in Kiama, 2533 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.24%
Kiama,2533 has offered an average of 14.24% return per annum in house price rises to property investors over the last three years.
At number 806th of NSW’s most discounted properties, Kiama is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 11.42 sales per month, which equates to 137 per year.
The NSW suburb of Kiama, 2533 is in the Kiama local government area.
Over the last year, property investments in Kiama, 2533 have given investors a capital gain of 8.49%. This compares averagely with the 8.14% for NSW as a whole.
Kiama,2533 was ranked 721 in Australia by increase in median property value over the quarter.
The most recent median price for Kiama is $485500, with sellers offering an average of -4.17% off the asking price.
In the last year 97 properties changed hands in Kiama, which puts it as the 139th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Kiama being $485500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.82%
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.