NSW has seen average median house prices change by -4.21% which means that Blue Bay, 2261 has not done well for property investors by showing a capital gain of -30.02% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blue Bay has increased when compared to the 5 year average annual rate.
With the median price for a house in Blue Bay being $897500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.61%
Blue Bay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -12.50% to date .
Blue Bay,2261 has offered an average of -12.50% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Blue Bay should be aiming for at least -6.95% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Blue Bay have been waiting around 71.7857 days to sell a property.
With the median price for a house in Blue Bay being $525000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.57%