Suburb Profile Report for Salamander Bay NSW (2317)

Salamander Bay House: Median price $725,000, Annual capital growth 5.34%, Number of sales 112, Weekly median advertised rent $490

Salamander Bay Unit: Median price $412,000, Annual capital growth 3.52%, Number of sales 61, Weekly median advertised rent $420

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

NSW has seen average median house prices change by 12.10% which means that Salamander Bay, 2317 has done well for property investors by showing a capital gain of 7.41% over the last year

Salamander Bay,2317 has offered an average of 7.41% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Salamander Bay is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 460th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.34%, investors should hope to achieve an overall return of 3.51%

At number 1291th in the list of Australian suburbs ordered by increase in median house value over the last year, Salamander Bay, 2317 is in the BOTTOM 30% with a property value increase of -1.90% recorded in median house prices.

Salamander Bay,2317 has offered an average of -1.90% return per annum in house price rises to property investors over the last three years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.38% offered to property buyers. Sellers in Salamander Bay itself are offering an average vendor discount of -4.02% to real estate investors.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.30%, without taking into account capital value appreciation, which has been averaging out at 3.52%.

Metrics i HOUSE UNIT
$725,000 $412,000
2.11% 0.00%
7.41% -1.90%
5.34% 3.52%
$490 $420
112 61
3.51% 5.30%
76.3030303030303 86.9310344827586

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 4843
Median household income ($/weekly) 857
Median age of persons 50
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 557 11.5
    45-54 years 611 12.6
    55-64 years 622 12.8
    65-74 years 787 16.2
    75-84 years 535 11.0
    Others 1732 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1922 53.9
    Not Married 1372 38.4
    Defacto Relationship 275 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3814 85.0
    Papua New Guinea 63 1.4
    United Kingdom 352 7.8
    United States of America 22 0.5
    Other 55 1.2
    Others 183 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 3500 80.5
    No Religion 812 18.7
    Buddhism 18 0.4
    Other Religious Groups 12 0.3
    Judaism 8 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 192 10.8
    $400-$599 321 18.1
    $600-$799 221 12.4
    $800-$999 204 11.5
    $1,500-$1,999 199 11.2
    Others 639 36.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1989 53.0
    Employed, worked full-time 929 24.8
    Employed, worked part-time 618 16.5
    Employed, away from work 122 3.3
    Unemployed, looking for work 94 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 12.4
    Professionals 232 13.9
    Technicians & trades workers 289 17.4
    Clerical & administrative workers 216 13.0
    Sales 226 13.6
    Others 495 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 80 9.0
    Infants/Primary 329 37.0
    Secondary 279 31.4
    Technical or Further Educational Institution 87 9.8
    University or other Tertiary Institutions 98 11.0
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3132 71.3
    Semi-detached, row or terrace house, townhouse 1038 23.6
    Flat, unit or apartment 163 3.7
    Caravan, cabin, houseboat 57 1.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 881 46.5
    Rented 555 29.3
    Being purchased 416 21.9
    Other tenure type 44 2.3
    Tenure Type
Census 2011, ABS
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