If you compare the increase in value of investment property in Bellambi, 2518 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.48%.
Bellambi,2518 has offered an average of 6.48% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bellambi, 2518. Typically our figures indicate that -3.85% is being offered, which puts this NSW suburb at 3225th most discounted overall in Australia.
With a capital gain of 7.22% for the last 12 months, Bellambi, 2518 has performed for property investments than its average annual 8.38% property growth over the last 5 years.
Comparing Bellambi,2518 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bellambi, 2518. Typically our figures indicate that -4.94% is being offered, which puts this NSW suburb at 775th most discounted overall in Australia.
In the last year 23 properties changed hands in Bellambi, which puts it as the 416th most active market in NSW when comparing the number of sales per suburb.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 3.56%, without taking into account capital value appreciation, which has been averaging out at 8.38%.
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