Property investors who have had real estate in Bellambi, 2518 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.50%
Bellambi,2518 has offered an average of -6.50% return per annum in house price rises to property investors over the last three years.
At number 50th of NSW’s most discounted properties, Bellambi is in the bottom 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Bellambi being $697500 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 3.47%
With a capital gain of -22.22% for the last 12 months, Bellambi, 2518 has performed for property investments than its average annual 5.20% property growth over the last 5 years.
While Bellambi,2518 ranked number 311th in NSW for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.
Property buyers and investors in Bellambi 2518 should be seeing an average reduction in asking price of around -7.95% . This means that Bellambi is holding prices well when compared to other suburbs in NSW.
Bellambi is 190th on a list of best yielding suburbs for rents in NSW with a 4.33% return
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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.