Investment property in Malua Bay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.57%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Malua Bay has increased when compared to the 5 year average annual rate.
The most recent median price for Malua Bay is $464500, with sellers offering an average of -4.90% off the asking price.
Often selling an investment property can take time, and in Malua Bay the average time real estate has been on the market is 109.19 days.
Using the current median advertised rental of $1000 and the average annual increase in value of a median property of 2.76%, investors should hope to achieve an overall return of 11.19%
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
Information supplied by:
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.