Nelson Bay, NSW 2315: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Nelson Bay, the median property price for a house is currently $1,075,000 with annual capital growth of 17.17% . There were 117 house sales in the past 12 months. On average, houses spend 69 days on market.

If you're thinking about buying an investment property in Nelson Bay, consider that rental yields for houses are currently 3.12% with an average median rent of $555 weekly. Houses have seen 3.37% growth in the past quarter, and 17.17% growth in the past 12 months.

The size of Nelson Bay is approximately 15.8 square kilometres. It has 24 parks covering nearly 56% of total area. The population of Nelson Bay in 2011 was 5,396 people. By 2016 the population was 5,811 showing a population growth of 7.7% in the area during that time. The predominant age group in Nelson Bay is 60-69 years.

Households in Nelson Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nelson Bay work in a trades occupation. In 2011, 61.4% of the homes in Nelson Bay were owner-occupied compared with 63.6% in 2016.

In Nelson Bay, the median property price for a unit is currently $642,500 with annual capital growth of -11.38% . There were 122 unit sales in the past 12 months. On average, units spend 88 days on market.

If you're thinking about buying an investment property in Nelson Bay, consider that rental yields for units are currently 3.95% with an average median rent of $500 weekly. Units have seen 3.63% growth in the past quarter, and -11.38% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,075,000	$642,500
Quarterly growth	+3.37%	+3.63%
12-month growth	+17.17%	-11.38%
Average annual growth	+11.28%	+8.90%
Weekly median rent	$555	$500
Gross rental yield	3.12%	3.95%
Number of Sales (12m)	117	122
Avg. Days on Market (12m)	69	88

Jump to Market Trends

Key Demographics	2011	2016
Total population	5,396	5,811
Population change (5y)	+31.19%	+7.70%
Median household income (p/w)	$938	$1,148
Household income change (5y)	+32.67%	+22.39%
Median age of persons	46	48

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Nelson Bay is $1,075,000 for houses and $642,500 for units.

The Median Growth in Nelson Bay over the past 12 months is 17.17% for houses and -11.38% for units.

Over the past 12 months there were 117 houses sold and 122 units sold in Nelson Bay. On average, houses spent 69 days on market and units spent 88 days on market.

In the past 12 months up to September 2024 there were 117 houses sold and 122 units sold in Nelson Bay. On average, houses spent 69 days on market and units spent 88 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Nelson Bay is $555 for houses and $500 for units.

The Rental Yield in Nelson Bay is 3.12% for houses and 3.95% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Nelson Bay was 5,811 in 2016, a +7.70% change compared to 2011.

The predominant age group in Nelson Bay is 60-69 years.

The population of Nelson Bay was 5,811 in 2016, a +7.70% change compared to 2011.

The predominant age group in Nelson Bay is 60-69 years.

Most of the population in Nelson Bay were born in Australia.

Most of the population in Nelson Bay report their religion as No Religion.

Most of the population in Nelson Bay report their religion as Anglican.

Most of the population in Nelson Bay report their income range as between $78,000 and $130,000 .

The median household income in Nelson Bay was $1,148 in 2016, a +22.39% change compared to 2011.

Most of the population in Nelson Bay report their income range as between $31,000 and $52,000 .

The median household income in Nelson Bay was $938 in 2011, a +32.67% change compared to 2006.

Most of the population in Nelson Bay work as Professional.

The chart below demonstrates the various levels of education in Nelson Bay.

Most of the population in Nelson Bay reached a qualification level of Certificate.

2011 2016

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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