Property investors who have had real estate in Blue Bay, 2261 should be relatively 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 15.27%
Taking the average capital gain, or increase in median house value, Blue Bay,2261 has racked up an average of 15.27% over the period. This ranks it number 1039th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Blue Bay is giving property investors an average Vendor Discount of around -6.62%. This puts suburb at number 235th in NSW when ranking the most discounted suburbs.
With the median price for a house in Blue Bay being $909500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.57%
Investment property in Blue Bay 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 17.41%
While Blue Bay,2261 ranked number 536th in NSW for increase in median house value (annualised) increase, it is ranked 279th over the last 5 years.
The most recent median price for Blue Bay is $681000, with sellers offering an average of -7.47% off the asking price.
Advertised rents are around the $370 mark per week – giving a return of 2.83% based on the median price in Suburb