Malua Bay has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.69% to date .
While Malua Bay,2536 ranked number 556th in NSW for increase in median house value (annualised) increase, it is ranked 912th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.88% offered to property buyers. Sellers in Malua Bay itself are offering an average vendor discount of -5.28% to real estate investors.
In the last year 67 properties changed hands in Malua Bay, which puts it as the 449th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $1000 mark per week – giving a return of 9.77% based on the median price in Suburb
Malua Bay is an average performer in NSW when comparing median price capital growth over the last year. Malua Bay gave property investors a average capital gain figure when compared to the rest of the state, with 1.77%.
Renters in Suburb are facing rents around $33800 per annum or $650 every week.
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.Full summary
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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.