Investment property in Nelly Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.49%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nelly Bay has increased when compared to the 5 year average annual rate.
Nelly Bay, 4819 is offering QLD ‘s 127th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Using the current median advertised rental of $364 and the average annual increase in value of a median property of 0.47%, investors should hope to achieve an overall return of 5.39%
At number 13th in the list of Australian suburbs ordered by increase in median house value over the last year, Nelly Bay, 4819 is in the top 10% with a property value increase of 45.56% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Nelly Bay comes in at number 4th in QLD.
The QLD suburb of Nelly Bay, 4819 is in the Townsville (C) local government area.