Property investors who have had real estate in Bellambi, 2518 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.09%
Bellambi,2518 has offered an average of 21.09% return per annum in house price rises to property investors over the last three years.
Bellambi is 734th on a list of best yielding suburbs for rents in NSW with a 3.19% return
With a capital gain of 1.08% for the last 12 months, Bellambi, 2518 has performed for property investments than its average annual 8.48% property growth over the last 5 years.
The five-year average increase in median property values for Bellambi,2518 has given property investors a potential capital gain of 55.63% across each of those five years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Bellambi itself are offering an average vendor discount of -2.70% to real estate investors.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Situated 48.72km from the CBD, Bellambi is one of Wollongong localities in the postcode 2518.
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