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%.