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Median values are calculated based on data over a 12 month period.

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Market Report

Nelly Bay has 59 houses available for sale. The median property price for a house is currently 570,000 with annual capital growth of 4.59 . There were 25 house sales in the past 12 months. On average, houses spend 21 days on market.

If you're thinking about buying an investment property in Nelly Bay, consider that rental yields for houses are currently 4.73 with an average median rent of 550 weekly. Houses have seen -5.00 growth in the past quarter, and 4.59 growth in the past 12 months.

The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 years.

Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation. In 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.

Nelly Bay has 33 units available for sale. The median property price for a unit is currently 350,000 with annual capital growth of 30.84 . There were 63 unit sales in the past 12 months. On average, units spend 87 days on market.

If you're thinking about buying an investment property in Nelly Bay, consider that rental yields for units are currently 6.92 with an average median rent of 575 weekly. Units have seen 1.45 growth in the past quarter, and 30.84 growth in the past 12 months.

The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 years.

Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation. In 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.

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Key Market Data House Unit
Median price 570,000 350,000
Quarterly growth -5.00 +1.45
12-month growth +4.59 +30.84
Average annual growth +10.56 +16.59
Weekly median rent 550 575
Gross rental yield 4.73 6.92
Number of Sales (12m) 25 63
Avg. Days on Market (12m) 21 87
Jump to Market Trends
Key Demographics 2011 2016
Total population 1,054 1,216
Population change (5y) +8.55 +15.40
Median household income (p/w) 863 839
Household income change (5y) -6.80 -2.78
Median age of persons 46 52
Jump to Demographics Trends
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