NSW has seen average median house prices change by -4.21% which means that Bellambi, 2518 has not done well for property investors by showing a capital gain of -9.45% over the last year
Across a shorter period, Bellambi, 2518 has seen a median price increase of -2.52% over the last quarter.
Vendor discounting in Bellambi is giving property investors an average Vendor Discount of around -9.86%. This puts suburb at number 92th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Bellambi the average time real estate has been on the market is 67.6667 days.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
Bellambi has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -14.60% to date .
Over the longer term, Bellambi has seen property prices show investors a -9.15% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Bellambi is giving property investors an average Vendor Discount of around -8.96%. This puts suburb at number 39th in NSW when ranking the most discounted suburbs.
In the last year 19 properties changed hands in Bellambi, which puts it as the 390th most active market in NSW when comparing the number of sales per suburb.
Bellambi is 212th on a list of best yielding suburbs for rents in NSW with a 4.26% 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.