Kiama, 2533 ranked 392th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kiama is one of 3163 in our list for NSW
A 48.66% growth in median value for property investors in Kiama,2533 puts this suburb at number 748th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Kiama should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 11.25 sales per month, which equates to 135 per year.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 5.86%, investors should hope to achieve an overall return of 3.44%
With a capital gain of 10.42% for the last 12 months, Kiama, 2533 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
Comparing Kiama,2533 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Kiama is giving property investors an average Vendor Discount of around -5.30%. This puts suburb at number 124th in NSW when ranking the most discounted suburbs.
Residents and property investors in Kiama have been waiting around 64.91 days to sell a property.
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.