NSW has seen average median house prices change by 8.99% which means that Sunshine Bay, 2536 has done well for property investors by showing a capital gain of -2.75% over the last year
Taking the average capital gain, or increase in median house value, Sunshine Bay,2536 has racked up an average of -2.75% over the period. This ranks it number 2738th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Sunshine Bay itself are offering an average vendor discount of -3.21% to real estate investors.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 1.54%, investors should hope to achieve an overall return of 4.41%
If you compare the increase in value of investment property in Sunshine Bay, 2536 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.48%.
At number 318th of NSW’s most discounted properties, Sunshine Bay is in the TOP 40% of the state/territory when listing in order of most discounted to least.
At number 1051 in a list of fastest selling suburbs, Sunshine Bay is in the bottom 30% of suburbs in Australia with an average of days on market 92.8 for properties listed there.
The NSW suburb of Sunshine Bay, 2536 is in the Eurobodalla local government area.