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%