Over the last year, property investments in Bellambi, 2518 have given investors a capital gain of 14.60%. This compares favourably with the 8.12% for NSW as a whole.
Over the longer term, Bellambi has seen property prices show investors a 55.00% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Bellambi is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1103th in terms of most discounted suburbs in NSW
The NSW suburb of Bellambi, 2518 is in the Wollongong local government area.
With a capital gain of 1.76% for the last 12 months, Bellambi, 2518 has performed for property investments than its average annual 6.65% property growth over the last 5 years.
Over the longer term, Bellambi has seen property prices show investors a 44.31% return over the last 3 years. This is worse than over the last 12 months
Bellambi, 2518 is offering NSW ‘s 310th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Residents and property investors in Bellambi have been waiting around 43.43 days to sell a property.
The suburb has a high annual growth rate of 7% following a five-year period of considerable growth.Full summary
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Beach suburb capitalises on proximity to nature
Median unit price: $440,000
Three-year growth: 58.56%
Rental yield: 3.90%
Just 17 minutes from the city of Wollongong, the suburb of Bellambi offers residents a beach lifestyle.
Because of its amenities, it has consistently been a strong performer. Bellambi has a high annual growth rate of 7% following a five-year period of considerable growth. In the past 12 months leading up to April 2017, unit prices skyrocketed by almost 25% - suggesting the high demand for such properties. Its excellent location near the CBD could be inspiring more single employees to take up residence here since property values are lower.
Bellambi puts a spotlight on its natural attractions, such as the Bellambi Lagoon Reserve. Those looking to get to Wollongong can do so by train as Bellambi is linked to the South Coast Line. Close