Suburb Profile Report for Bellambi NSW (2518)

Bellambi House: Median price $695,000, Annual capital growth 7.55%, Number of sales 27, Weekly median advertised rent $480

Bellambi Unit: Median price $427,000, Annual capital growth 5.65%, Number of sales 19, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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

Information supplied by:


July 2017

M
O

W
E

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. 

Metrics i HOUSE UNIT
$695,000 $427,000
-2.52% -4.37%
-9.45% -14.60%
7.55% 5.65%
$480 $350
27 19
3.59% 4.26%
67.6666666666667 70.7222222222222

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Bellambi NSW
Demographics
Total population 4010
Median household income ($/weekly) 763
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 583 14.5
    25-34 years 493 12.3
    35-44 years 539 13.4
    45-54 years 558 13.9
    55-64 years 481 12.0
    Others 1356 33.8
    Age Group
    Census Count Percent(%)
    Not Married 1659 55.7
    Registered Married 1028 34.5
    Defacto Relationship 290 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3133 82.0
    Papua New Guinea 56 1.5
    Philippines 26 0.7
    United Kingdom 256 6.7
    Other 131 3.4
    Others 221 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 1.6
    Christianity 2765 74.5
    Hinduism 13 0.4
    Islam 38 1.0
    No Religion 824 22.2
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 14.7
    $400-$599 209 14.4
    $600-$799 190 13.1
    $800-$999 129 8.9
    $1,500-$1,999 141 9.7
    Others 571 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1424 46.6
    Employed, worked full-time 843 27.6
    Employed, worked part-time 509 16.7
    Unemployed, looking for work 187 6.1
    Employed, away from work 93 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 221 15.3
    Technicians & trades workers 239 16.6
    Community & personal service workers 193 13.4
    Clerical & administrative workers 230 16.0
    Labourers 185 12.8
    Others 373 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 70 7.0
    Infants/Primary 341 34.0
    Secondary 337 33.6
    Technical or Further Educational Institution 108 10.8
    University or other Tertiary Institutions 114 11.4
    Others 33 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2224 57.7
    Semi-detached, row or terrace house, townhouse 1185 30.7
    Flat, unit or apartment 432 11.2
    House or flat attached to a shop, office 13 0.3
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 868 55.0
    Being purchased 364 23.1
    Fully owned 339 21.5
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
Chart Table