Nelly Bay has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -9.92% to date .
If we look at median property appreciation over just the last three months, Nelly Bay has given property investors a paper return of -1.67%. This puts Suburb as 662 on a list of fastest fasting appreciating suburbs in QLD
Vendor discounting in Nelly Bay is giving property investors an average Vendor Discount of around -11.59%. This puts suburb at number 75th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.99%, without taking into account capital value appreciation, which has been averaging out at -0.07%.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 6.56%, without taking into account capital value appreciation, which has been averaging out at 15.36%.