Malua Bay has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.99% to date .
If we look at median property appreciation over just the last three months, Malua Bay has given property investors a paper return of -6.28%. This puts Suburb as 1320 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Malua Bay itself are offering an average vendor discount of -3.34% to real estate investors.
A $1000 per week rent on the median house gives suburb investors a gross yield of circa 10.72%, without taking into account capital value appreciation, which has been averaging out at 2.65%.
Malua Bay, 2536’s gross rental yield is 18.35%
The Bateman’s Bay suburb of Malua Bay saw its first significant growth spike in 1987, according to Residex figures. Malua Bay’s median rose by almost 5% during the final quarter of 1987 alone, and this level of growth continued right up until the early 90s, with the median more than tripling to reach $104,597 by December 1992.Full summary
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The Bateman’s Bay suburb of Malua Bay saw its first significant growth spike in 1987, according to Residex figures. Malua Bay’s median rose by almost 5% during the final quarter of 1987 alone, and this level of growth continued right up until the early 90s, with the median more than tripling to reach $104,597 by December 1992.
The market then stays relatively flat, with Malua Bay’s median only increasing by $7,914 over the next 14 quarters. The September 1996 quarter however sees a 3.8% jump in median price, and this heralds a return to more consistent price increases right up until March 2004.
The following four years show some turbulence, but Malua Bay’s short spikes and long flats underlie a general positive growth trend. That is until the GFC tremors are felt, causing the median to topple by $18,491 between March 2008 and March 2009.
Just twelve months on however, Malua Bay’s median reached a new high of $423,025, and by September 2010 had reached $425,935. Raine & Horne Batemans Bay licensee Adam Porteous believes that the suburb’s excellent location is the key to its long-term success.
“Nearly every home will have an aspect to the water. Prices have continued to improve primarily because whenever anyone moves to the coast, they want to either see the water or be able to walk to the beach,” says Porteous.