If you compare the increase in value of investment property in Malua Bay, 2536 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 -6.42%.
While Malua Bay,2536 ranked number 1014th in NSW for increase in median house value (annualised) increase, it is ranked 1015th over the last 5 years.
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 Malua Bay, 2536. Typically our figures indicate that -8.85% is being offered, which puts this NSW suburb at 558th most discounted overall in Australia.
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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.