Suburb Profile Report for Shoal Bay NSW (2315)

Shoal Bay House: Median price $592,000, Annual capital growth 5.20%, Number of sales 38, Weekly median advertised rent $370

Shoal Bay Unit: Median price $447,500, Annual capital growth 4.81%, Number of sales 67, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$592,000 $447,500
-1.25% 0.56%
10.65% 22.77%
5.20% 4.81%
$370 $320
38 67
3.25% 3.72%
76.83 74.18

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1837
Median household income ($/weekly) 683
Median age of persons 56
Median housing loan repayment ($/monthly) 2000
Average household size 2
  • Census Count Percent(%)
    35-44 years 191 10.4
    45-54 years 188 10.2
    55-64 years 236 12.8
    65-74 years 282 15.4
    75-84 years 252 13.7
    Others 688 37.5
    Age Group
    Census Count Percent(%)
    Not Married 577 47.8
    Registered Married 536 44.4
    Defacto Relationship 93 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1272 83.6
    Greece 15 1.0
    Papua New Guinea 32 2.1
    United Kingdom 84 5.5
    Other 47 3.1
    Others 72 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.8
    Christianity 1122 75.7
    Hinduism 29 2.0
    Other Religious Groups 4 0.3
    No Religion 312 21.1
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 92 13.9
    $400-$599 144 21.7
    $600-$799 100 15.1
    $800-$999 64 9.7
    $1,000-$1,249 50 7.5
    Others 213 32.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 729 56.0
    Employed, worked full-time 244 18.7
    Employed, worked part-time 239 18.4
    Unemployed, looking for work 49 3.8
    Employed, away from work 41 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 77 14.6
    Technicians & trades workers 80 15.2
    Community & personal service workers 78 14.8
    Clerical & administrative workers 60 11.4
    Labourers 79 15.0
    Others 152 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 33 12.4
    Infants/Primary 98 36.8
    Secondary 73 27.4
    Technical or Further Educational Institution 30 11.3
    University or other Tertiary Institutions 26 9.8
    Others 6 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1108 75.9
    Semi-detached, row or terrace house, townhouse 180 12.3
    Flat, unit or apartment 168 11.5
    Caravan, cabin, houseboat 4 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 273 39.0
    Fully owned 254 36.3
    Being purchased 117 16.7
    Other tenure type 56 8.0
    Tenure Type
Census 2011, ABS
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