Suburb Profile Report for Salamander Bay NSW (2317)

Salamander Bay House: Median price $675,000, Annual capital growth 5.79%, Number of sales 103, Weekly median advertised rent $460

Salamander Bay Unit: Median price $415,000, Annual capital growth 2.87%, Number of sales 46, Weekly median advertised rent $393

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Salamander Bay have tracked just lower than the NSW average of 1.14% over the last 12 months.

Salamander Bay,2317 was ranked 3279 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Salamander Bay should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 5.79%, investors should hope to achieve an overall return of 3.54%

If you compare the increase in value of investment property in Salamander Bay, 2317 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.60%.

Salamander Bay,2317 was ranked 1242 in Australia by increase in median property value over the quarter.

Property buyers and investors in Salamander Bay 2317 should be seeing an average reduction in asking price of around -5.08% . This means that Salamander Bay is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Salamander Bay the average time real estate has been on the market is 99.7333 days.

Salamander Bay, 2317’s gross rental yield is 4.92%

Metrics i HOUSE UNIT
$675,000 $415,000
-1.10% -1.19%
-1.46% -0.60%
5.79% 2.87%
$460 $393
103 46
3.54% 4.92%
95.3454545454546 99.7333333333333

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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