Investment property in Kiama has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.18%
If we look at median property appreciation over just the last three months, Kiama has given property investors a paper return of 0.59%. This puts Suburb as 790 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Kiama is $855000, with sellers offering an average of -4.43% off the asking price.
Often selling an investment property can take time, and in Kiama the average time real estate has been on the market is 72.4186 days.
The NSW suburb of Kiama, 2533 is in the Kiama (A) local government area.
Kiama, 2533 ranked 97th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kiama is one of 3163 in our list for NSW
Over the longer term, Kiama has seen property prices show investors a 1.55% return over the last 3 years. This is an improvement over the last 12 months
Kiama, 2533 is offering NSW ‘s 198th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Often selling an investment property can take time, and in Kiama the average time real estate has been on the market is 81.1087 days.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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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.