Property investors who have had real estate in Malua Bay, 2536 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.42%
When looking at the potential capital gains offered to property investors over the last 3 years, Malua Bay comes in at number 132th in NSW.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.70% offered to property buyers. Sellers in Malua Bay itself are offering an average vendor discount of -8.69% to real estate investors.
Malua Bay, 2536’s gross rental yield is 8.97%
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The Bateman’s Bay suburb of Malua Bay saw its first significant growth spike in 1987, according to Residex figures. Malua Bay’s median rose by almost 5% during the final quarter of 1987 alone, and this level of growth continued right up until the early 90s, with the median more than tripling to reach $104,597 by December 1992.
The market then stays relatively flat, with Malua Bay’s median only increasing by $7,914 over the next 14 quarters. The September 1996 quarter however sees a 3.8% jump in median price, and this heralds a return to more consistent price increases right up until March 2004.
The following four years show some turbulence, but Malua Bay’s short spikes and long flats underlie a general positive growth trend. That is until the GFC tremors are felt, causing the median to topple by $18,491 between March 2008 and March 2009.
Just twelve months on however, Malua Bay’s median reached a new high of $423,025, and by September 2010 had reached $425,935. Raine & Horne Batemans Bay licensee Adam Porteous believes that the suburb’s excellent location is the key to its long-term success.
“Nearly every home will have an aspect to the water. Prices have continued to improve primarily because whenever anyone moves to the coast, they want to either see the water or be able to walk to the beach,” says Porteous.