Property value increases in Kiama have tracked lower than the NSW average of -4.21% over the last 12 months.
Over the longer term, Kiama has seen property prices show investors a 1.84% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Kiama itself are offering an average vendor discount of -5.71% to real estate investors.
The NSW suburb of Kiama, 2533 is in the Kiama (A) local government area.
With a capital gain of 2.86% for the last 12 months, Kiama, 2533 has performed for property investments than its average annual 6.75% property growth over the last 5 years.
Across a shorter period, Kiama, 2533 has seen a median price increase of 3.20% over the last quarter.
Property investors looking for a bargain in Kiama should be aiming for at least -4.08% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Kiama have been waiting around 79.9744 days to sell a property.
Property investors should expect to get $485 weekly from the median priced house in this suburb.
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Tourist spot attracts long-term demand
Median unit price: $571,000
Three-year growth: 32.8%
Rental yield: 4.2%
South of Sydney in the Illawarra region, the suburb of Kiama is one of the most popular surf spots in the area. The Kiama Blowhole attracts hundreds of thousands of visitors and day trippers.
Many are choosing to make Kiama a home lately – with the advent of apartment living, units have steadily been getting attention as values skyrocketed by 13.5% in the past 12 months leading up to July 2017. Given the strong average rental yield of 4.2%, such properties are certain to capture the interest of enterprising investors.
Kiama is close to several beaches, as well as to the foothills of Saddleback Mountain. Walking tracks maximise the natural attractions of the area. Terralong Street is lined with shops, restaurants, art galleries and cafes. The local railway station allows for easy commuting.