Shoal Bay, NSW 2315: Suburb Profile & Property Report

Market Report

House report
Unit Report

Shoal Bay has 28 houses available for sale. The median property price for a house is currently $1,180,000 with annual capital growth of 8.76% . There were 27 house sales in the past 12 months. On average, houses spend 60 days on market.

If you're thinking about buying an investment property in Shoal Bay, consider that rental yields for houses are currently 3.06% with an average median rent of $550 weekly. Houses have seen 7.27% growth in the past quarter, and 8.76% growth in the past 12 months.

The size of Shoal Bay is approximately 4 square kilometres. It has 7 parks covering nearly 68.3% of total area. The population of Shoal Bay in 2011 was 1,837 people. By 2016 the population was 1,859 showing a population growth of 1.2% in the area during that time. The predominant age group in Shoal Bay is 60-69 years.

Households in Shoal Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Shoal Bay work in a trades occupation. In 2011, 50.7% of the homes in Shoal Bay were owner-occupied compared with 59.9% in 2016.

Shoal Bay has 29 units available for sale. The median property price for a unit is currently $672,500 with annual capital growth of 3.78% . There were 26 unit sales in the past 12 months. On average, units spend 28 days on market.

If you're thinking about buying an investment property in Shoal Bay, consider that rental yields for units are currently 4.05% with an average median rent of $450 weekly. Units have seen 0.75% growth in the past quarter, and 3.78% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,180,000	$672,500
Quarterly growth	+7.27%	+0.75%
12-month growth	+8.76%	+3.78%
Average annual growth	+13.50%	+8.37%
Weekly median rent	$550	$450
Gross rental yield	3.06%	4.05%
Number of Sales (12m)	27	26
Avg. Days on Market (12m)	60	28

Jump to Market Trends

Key Demographics	2011	2016
Total population	1,837	1,859
Population change (5y)	+4.97%	+1.20%
Median household income (p/w)	$691	$912
Household income change (5y)	+17.52%	+31.98%
Median age of persons	55	57

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Shoal Bay is $1,180,000 for houses and $672,500 for units.

The Median Growth in Shoal Bay over the past 12 months is 8.76% for houses and 3.78% for units.

Over the past 12 months there were 27 houses sold and 26 units sold in Shoal Bay. On average, houses spent 60 days on market and units spent 28 days on market.

In the past 12 months up to August 2024 there were 27 houses sold and 26 units sold in Shoal Bay. On average, houses spent 60 days on market and units spent 28 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Shoal Bay is $550 for houses and $450 for units.

The Rental Yield in Shoal Bay is 3.06% for houses and 4.05% 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 Shoal Bay was 1,859 in 2016, a +1.20% change compared to 2011.

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

The population of Shoal Bay was 1,859 in 2016, a +1.20% change compared to 2011.

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

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

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

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

Most of the population in Shoal Bay report their income range as between $15,000 and $33,000 .

The median household income in Shoal Bay was $912 in 2016, a +31.98% change compared to 2011.

Most of the population in Shoal Bay report their income range as between $15,000 and $31,000 .

The median household income in Shoal Bay was $691 in 2011, a +17.52% change compared to 2006.

Most of the population in Shoal Bay work as Trades.

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

Most of the population in Shoal Bay reached a qualification level of Not Stated.

2011 2016

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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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