Investment property in Bellambi has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.37%
Across a shorter period, Bellambi, 2518 has seen a median price increase of 1.96% over the last quarter.
Property buyers and investors in Bellambi 2518 should be seeing an average reduction in asking price of around -3.50% . This means that Bellambi is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Bellambi the average time real estate has been on the market is 43.14 days.
Advertised rents are around the $490 mark per week – giving a return of 3.27% based on the median price in Suburb
NSW has seen average median house prices change by 7.26% which means that Bellambi, 2518 has done well for property investors by showing a capital gain of 1.06% over the last year
While Bellambi,2518 ranked number 154th in NSW for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.
Property investors looking for a bargain in Bellambi should be aiming for at least -2.68% off the asking price, which is the average vendor discount being achieved at the moment.
At number 133 in a list of fastest selling suburbs, Bellambi is in the TOP 10% of suburbs in Australia with an average of days on market 36.95 for properties listed there.
Advertised rents are around the $355 mark per week – giving a return of 3.89% based on the median price in Suburb
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