Property value increases in Kiama have tracked lower than the NSW average of 11.06% over the last 12 months.
Taking the average capital gain, or increase in median house value, Kiama,2533 has racked up an average of 1.09% over the period. This ranks it number 1468th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Kiama should be aiming for at least -5.68% off the asking price, which is the average vendor discount being achieved at the moment.
At number 638 in a list of fastest selling suburbs, Kiama is in the TOP 20% of suburbs in Australia with an average of days on market 46.42 for properties listed there.
Kiama, 2533’s gross rental yield is 3.38%
Over the last year, property investments in Kiama, 2533 have given investors a capital gain of 22.14%. This compares very favourably with the 8.63% for NSW as a whole.
Kiama,2533 was ranked 292 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Kiama should be aiming for at least -5.15% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
Property investors should expect to get $450 weekly from the median priced house in this 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.