At number 1519th in the list of Australian suburbs ordered by increase in median house value over the last year, Shoal Bay, 2315 is in the top 40% with a property value increase of 10.65% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shoal Bay has increased when compared to the 5 year average annual rate.
Property buyers and investors in Shoal Bay 2315 should be seeing an average reduction in asking price of around -4.37% . This means that Shoal Bay is holding prices well when compared to other suburbs in NSW.
In the last year 38 properties changed hands in Shoal Bay, which puts it as the 819th most active market in NSW when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.25%, without taking into account capital value appreciation, which has been averaging out at 5.20%.
Shoal Bay, 2315 ranked 47th in NSW when comparing growth in median property values or capital gain over the last 12 months. Shoal Bay is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Shoal Bay,2315 has racked up an average of 22.77% over the period. This ranks it number 827th in the whole country for real estate investors looking at median house price increases.
At number 54th of NSW’s most discounted properties, Shoal Bay is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Shoal Bay, 2315’s gross rental yield is 3.72%