Property investors who have had real estate in Bellambi, 2518 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.37%
Over the longer term, Bellambi has seen property prices show investors a 61.24% return over the last 3 years. This is worse than over the last 12 months
At number 1157th of NSW’s most discounted properties, Bellambi is in the TOP 10% of the state/territory when listing in order of most discounted to least.
With a capital gain of 2.14% for the last 12 months, Bellambi, 2518 has performed for property investments than its average annual 8.51% property growth over the last 5 years.
Bellambi,2518 was ranked 699 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Bellambi are currently offering property investors an average price cut of -2.66% below the asking price at the moment.
Often selling an investment property can take time, and in Bellambi the average time real estate has been on the market is 38.25 days.
Situated 53.55km from the CBD, Bellambi is one of Wollongong localities in the postcode 2518.
The suburb has a high annual growth rate of 7% following a five-year period of considerable growth.Full summary
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Beach suburb capitalises on proximity to nature
Median unit price: $440,000
Three-year growth: 58.56%
Rental yield: 3.90%
Just 17 minutes from the city of Wollongong, the suburb of Bellambi offers residents a beach lifestyle.
Because of its amenities, it has consistently been a strong performer. Bellambi has a high annual growth rate of 7% following a five-year period of considerable growth. In the past 12 months leading up to April 2017, unit prices skyrocketed by almost 25% - suggesting the high demand for such properties. Its excellent location near the CBD could be inspiring more single employees to take up residence here since property values are lower.
Bellambi puts a spotlight on its natural attractions, such as the Bellambi Lagoon Reserve. Those looking to get to Wollongong can do so by train as Bellambi is linked to the South Coast Line. Close