If you compare the increase in value of investment property in Kiama, 2533 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.48%.
Over the longer term, Kiama has seen property prices show investors a 26.94% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kiama, 2533. Typically our figures indicate that -6.36% is being offered, which puts this NSW suburb at 238th most discounted overall in Australia.
Kiama has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.52% to date .
Across a shorter period, Kiama, 2533 has seen a median price increase of 2.20% over the last quarter.
Property buyers and investors in Kiama 2533 should be seeing an average reduction in asking price of around -5.02% . This means that Kiama is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.03%, investors should hope to achieve an overall return of 3.67%
The Shellharbour coastline of NSW stretches southward from the banks of Lake Illawarra to the popular fishing resort of Kiama.Full summary
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The Shellharbour coastline of NSW stretches southward from the banks of Lake Illawarra to the popular fishing resort of Kiama. With its close proximity to the industrial precinct at Port Kembla, a suburb of Wollongong, demand for rental properties is being bolstered by emerging capital works including a new power plant and a new automotive importing facility.
Nestled between Lake Illawarra and the Pacific coastline is the town of Shellharbour, and its satellite suburbs, Blackbutt and Flinders in particular, are taking off in terms of population growth.