What you need to know about the Shoalhaven property growth statistics…
The Shoalhaven district is a local government area in the Australian state of New South Wales. It is located in the south-eastern coastal region of the state and covers an area of approximately 4,660 square kilometres. The district is home to a number of towns and suburbs, including Nowra, Ulladulla, Milton, Mollymook, Huskisson, and Jervis Bay.
The Shoalhaven district is known for its beautiful beaches, stunning natural scenery, and laid-back lifestyle. It is a popular destination for tourists and retirees, as well as families and young professionals looking to escape the hustle and bustle of city life.
The economy of the Shoalhaven district is largely based on tourism, agriculture, and fishing. The district is home to a number of vineyards and wineries, as well as a thriving dairy industry. The local fishing industry is also an important contributor to the economy, with a number of fishing villages and ports located along the coast. (you can also read NSW, South Coast Property Market? here)
Berry
Berry is known for its picturesque rural setting, historic buildings, boutique shops, and local markets. It is a popular tourist destination, particularly on weekends, attracting visitors for its charming village atmosphere and natural surroundings. The town is also home to a number of vineyards and wineries, offering wine tasting and cellar door sales.
According to realestate.com.au, the median house price in Berry, NSW 2535 as of February 2023 is $1.3 million, representing an annual growth rate of 15.5%. Over the past 5 years, the median house price in Berry has grown by 93.2%. However, it’s important to note that growth rates can vary significantly depending on the specific property type, location, and market conditions.
Overall, Berry is a highly sought-after location for those seeking a relaxed rural lifestyle, with easy access to the coast and larger towns such as Nowra and Wollongong. The town’s unique charm, coupled with its proximity to major cities, makes it an attractive option for homebuyers and investors alike.
Shoalhaven Heads
Shoalhaven Heads is a coastal town located in the Shoalhaven region of New South Wales, Australia. It is situated on the north bank of the Shoalhaven River, about 20 kilometers east of Nowra. The town is known for its beautiful beaches, riverfront parks, and abundant fishing opportunities. It has a population of around 3,500 people and is a popular tourist destination, particularly during the summer months.
Shoalhaven Heads is well connected to other parts of the region by the Princes Highway, which runs through the town, and the Shoalhaven Heads Road, which provides access to nearby towns such as Berry and Gerroa. The closest major airport is located in Sydney, around two and a half hours’ drive from the town.
According to realestate.com.au, the median property price in Shoalhaven Heads, NSW, as of February 2023 is $770,000. Over the past year, the suburb has seen a 31.1% increase in median property prices. Over the past five years, the suburb has experienced an average annual growth rate of 13.1%. The majority of properties in Shoalhaven Heads are houses, with a median price of $860,000. The rental yield for houses in Shoalhaven Heads is currently 2.8%
Shoalhaven Heads has a relaxed, laid-back atmosphere and is popular with retirees, families, and holidaymakers. It offers a range of amenities, including shops, cafes, restaurants, and a golf course, as well as a range of community events throughout the year. The town’s natural beauty, outdoor activities, and peaceful lifestyle make it a desirable place to live and visit.
(you can also read The Best Kept Secrets Of The Shoalhaven! here)
Nowra
Nowra is a major regional centre located in the Shoalhaven region of New South Wales, approximately 160 km south of Sydney. As of 2021, the population of Nowra is estimated to be around 35,000 people.
According to realestate.com.au, the median house price in Nowra is $590,000, with a median unit price of $384,500. Over the past 12 months, there has been a 16.4% increase in median house prices and a 5.5% increase in median unit prices in Nowra.
The suburb has seen consistent growth in property prices over the past decade, with the median house price increasing by approximately 38.9% since 2011. This growth can be attributed to the area’s thriving economy, picturesque location, and access to a range of amenities such as schools, shops, and healthcare facilities.
The strong growth in Nowra can be attributed to a number of factors, including its growing population, improved infrastructure, and the area’s reputation as a desirable lifestyle destination. The suburb offers a range of amenities, including shopping centres, schools, healthcare facilities, and recreational activities, making it an attractive option for families and retirees alike.
Investors looking to buy property in Nowra should consider the long-term potential of the suburb, as it is expected to continue to grow in popularity in the coming years. With its strong growth rates and attractive lifestyle offerings, Nowra is a solid investment option for those looking to enter the property market in the Shoalhaven district.
Callala Bay
According to data from realestate.com.au, Callala Bay has seen a steady increase in property prices over the past few years. The median house price in Callala Bay was $525,000 as of February 2022, which represents a significant increase from the median price of $450,000 recorded in February 2021.
Over the past five years, the median house price in Callala Bay has increased by approximately 37%, from $383,000 in February 2017 to $525,000 in February 2022. This indicates a healthy growth trend in the area, making it an attractive option for property buyers and investors.
It is worth noting that the COVID-19 pandemic and associated economic uncertainty have had an impact on the property market across Australia, including in Callala Bay. However, despite some initial slowdowns, the market has since recovered and is showing positive signs of growth. As such, Callala Bay remains an attractive option for those looking to invest in property.
Callala Beach
According to Domain’s property data, Callala Beach has experienced solid growth in property prices over the past year. The median house price in Callala Beach as of February 2023 is $815,000, representing a 9.9% increase from the previous year.
Over the past five years, Callala Beach has seen consistent growth in median house prices, with an overall increase of 72.6%. This growth trend is expected to continue, as the area’s popularity as a holiday destination and lifestyle choice increases.
The rental market in Callala Beach is also strong, with a median rental price of $500 per week for houses as of February 2023. This represents an increase of 11.1% from the previous year, indicating a high demand for rental properties in the area.
Culburra
Culburra Beach is a coastal town located in the Shoalhaven region of New South Wales, Australia. It is a popular tourist destination and a sought-after location for property buyers. Here are some property growth statistics for Culburra Beach:
According to realestate.com.au, the median house price in Culburra Beach is $775,000 as of January 2022, representing a 32.3% increase from the previous year.
The average annual growth rate for property prices in Culburra Beach over the last 10 years is around 5%.
In the 5 years leading up to December 2021, house prices in Culburra Beach increased by 57.5%, according to CoreLogic.
The demand for property in Culburra Beach has been steadily increasing, with a 27% increase in the number of property sales in 2021 compared to the previous year.
The majority of properties in Culburra Beach are standalone houses, and the demand for this type of property has been increasing steadily over the years.
Overall, Culburra Beach has experienced strong property price growth over the years, making it an attractive location for property buyers looking for a coastal lifestyle.
Greenwell Point
Greenwell Point is a small coastal town located in the Shoalhaven region of New South Wales, Australia. According to the latest data from Domain, the median house price in Greenwell Point is $660,000, with a median unit price of $585,000.
Over the past 12 months (as of February 2023), the median house price in Greenwell Point has increased by approximately 21.1%, which is a significant increase. The median unit price has increased by 11.4% over the same period.
Looking at a longer time frame, the median house price in Greenwell Point has increased by approximately 57.1% over the past five years, which is a strong growth rate. The median unit price has increased by approximately 36.4% over the same period.
Overall, Greenwell Point has experienced strong property growth over the past five years, with a particularly significant increase in the past 12 months. This is likely due to a combination of factors, including increased demand for coastal properties, low interest rates, and limited supply in the area.
Huskisson
Huskisson is a popular coastal town located in the Jervis Bay region, around 40 minutes south-east of Nowra. According to data from realestate.com.au, the median house price in Huskisson is $937,500 (as of February 2023), with a 5-year growth rate of 71.7%. Over the past 12 months, the suburb has seen a 23.9% increase in median house prices and there have been 60 houses sold in Huskisson.
The long-term growth rate in Huskisson has been steady, with an average annual growth rate of 5.5% over the past decade. The demand for coastal properties and holiday homes in the area has been a key driver of property price growth in recent years.
In terms of property types, houses make up the majority of properties in Huskisson, with apartments and townhouses accounting for a smaller percentage of the market. The average rental yield for houses in the suburb is around 3.1%.
Overall, Huskisson is a popular coastal destination with a strong property market and steady growth rates.
Jervis Bay
Jervis Bay is a large natural bay located on the south coast of New South Wales, and encompasses a number of small towns and suburbs. Jervis Bay is a popular tourist destination, known for its beautiful beaches, national parks, and wildlife. The region has seen steady growth in property prices over the past few years, driven by its natural beauty and lifestyle appeal.
According to data from realestate.com.au, the median house price in Jervis Bay is $1,200,000 (as of February 2023), with a 5-year growth rate of 85.7%. Over the past 12 months, there have been 33 houses sold in Jervis Bay.
Over the past five years, Jervis Bay has seen a strong upward trend in property prices, with the median house price increasing by an average of 11.8% per year and the median unit price increasing by an average of 8.5% per year.
The high demand for properties in Jervis Bay can be attributed to its natural beauty, with its pristine beaches, national parks, and abundant wildlife attracting both holidaymakers and permanent residents. Additionally, the region is easily accessible from Sydney and Canberra, making it a desirable location for those seeking a coastal lifestyle within easy reach of major cities.
Overall, Jervis Bay has experienced strong growth in property prices in recent years, driven by its natural beauty and lifestyle appeal. With continued demand from buyers seeking a coastal lifestyle, it’s likely that property prices in the region will continue to rise in the coming years.
Vincentia
Vincentia is a popular coastal town located in the Jervis Bay region, around 35 minutes south-east of Nowra. Vincentia is known for its stunning beaches and natural beauty. Over the years, Vincentia has experienced solid property growth, making it an attractive destination for both investors and homebuyers.
According to data from realestate.com.au, the median house price in Vincentia is $875,000 (as of February 2023), with a 5-year growth rate of 75.0%. Over the past 12 months, there have been 97 houses sold in Vincentia. Over the past decade, Vincentia has experienced consistent growth, with an average annual growth rate of 6.3%.
In terms of property types, houses are the most common type of dwelling in Vincentia, accounting for approximately 75% of all properties. The remaining properties consist of units and land for development.
Overall, Vincentia’s strong property growth is a reflection of its appeal as a coastal lifestyle destination, with easy access to pristine beaches, natural attractions, and a range of local amenities. As such, it is likely that Vincentia will continue to attract both investors and homebuyers looking for a sea change or holiday home in the years to come.
St Georges Basin
St Georges Basin is a suburb located on the South Coast of New South Wales, Australia. It is situated in the Shoalhaven region and is known for its beautiful lake and natural surroundings.
According to recent data from realestate.com.au, the median house price in St Georges Basin as of January 2022 is $685,000. This represents an increase of 13.9% compared to the previous year, which is a strong indication of the area’s growth potential. The median price for units in St Georges Basin is $472,000, which represents a growth of 11.3% compared to the previous year.
Over the past 10 years, the property market in St Georges Basin has been relatively stable, with a steady increase in property values. According to data from the Domain Group, the median house price in St Georges Basin has increased by an average of 5.5% per annum over the past decade.
In terms of rental yields, St Georges Basin offers solid returns for investors. According to data from realestate.com.au, the average rental yield for houses in St Georges Basin is 3.9%, which is higher than the average for the Shoalhaven region.
Overall, St Georges Basin presents a promising investment opportunity for those looking for a stable and growing property market in the beautiful South Coast region of New South Wales.
Lake Conjola
Lake Conjola is a small suburb in the Shoalhaven region, located around 20 minutes north of Ulladulla. It is a popular holiday destination, particularly for fishing and water sports, as it is situated on the banks of Lake Conjola, which opens out to the ocean.
According to data from realestate.com.au, the median house price in Lake Conjola is $821,500 (as of February 2023), with a 5-year growth rate of 66.2%. Over the past 12 months, there have been 32 houses sold in Lake Conjola.
It’s worth noting that the property market in Lake Conjola can be quite volatile due to its status as a holiday destination. Property prices can fluctuate significantly depending on the time of year and the availability of rental accommodation.
However, overall, Lake Conjola has shown strong growth in property prices in recent years, and it remains a sought-after location for those looking for a coastal lifestyle.
Manyana
Manyana is a coastal village located around 30 minutes south of Nowra. According to data from realestate.com.au, the median house price in Manyana is $1,005,000 (as of February 2023), with a 5-year growth rate of 71.7%.
In terms of sales volume, there were 30 houses sold in Manyana over the past year. The average days on market for these properties was 49 days, indicating a strong demand for properties in the area.
It’s worth noting that Manyana is a small suburb, with a population of just over 600 people. This means that the property market in Manyana can be quite competitive, with limited supply and high demand driving prices upwards.
Overall, Manyana has proven to be a popular choice for those seeking a coastal lifestyle, with its pristine beaches, stunning natural beauty, and relaxed community atmosphere.
Sussex Inlet
Sussex Inlet is a small coastal town located around 25 minutes south of Nowra. According to data from realestate.com.au, the median house price in Sussex Inlet is $627,000 (as of February 2023), with a 5-year growth rate of 53.9%. Over the past 12 months, the suburb has seen a 23.1% increase in median house prices and there have been 52 houses sold in Sussex Inlet.
In terms of sales volume, there were 56 houses sold in Sussex Inlet over the past year, with an average of 20 days on the market. The majority of buyers in the area are owner-occupiers, with 63% of properties being purchased by this demographic.
It’s worth noting that the rental market in Sussex Inlet is relatively small, with only 12 properties listed for rent on realestate.com.au as of September 2021. The median rental price for houses in the suburb is $480 per week, with an average rental yield of 4.0%.
The Ulladulla District!
The Ulladulla District, located on the South Coast of New South Wales, has been a popular destination for holidaymakers and sea-changers for many years. The district consists of several towns, including Burrill Lake, Mollymook, and Milton, each with its unique character and charm. In recent years, the area has seen significant property growth, making it an attractive option for property buyers.
Ulladulla
Ulladulla is a coastal town located in the Shoalhaven region of New South Wales, Australia. The town has seen a steady increase in property prices over the past few years, with growth rates varying depending on the type of property.
According to realestate.com.au, the median house price in Ulladulla as of February 2023 is $810,000, with a median unit price of $472,000. Over the past 12 months, house prices have increased by 19.12%, while unit prices have increased by 15.08%.
Looking at longer-term trends, house prices in Ulladulla have increased by 68.6% over the past five years, representing an average annual growth rate of 10.3%. Meanwhile, unit prices have increased by 49.3% over the same period, with an average annual growth rate of 8.2%.
The Ulladulla property market is generally in high demand, with limited supply and strong competition driving up prices. The town’s proximity to popular beaches and attractions such as the Ulladulla Harbour, Mollymook Beach and the Murramarang National Park make it an attractive location for both permanent residents and holidaymakers.
In terms of rental yields, houses in Ulladulla are currently returning an average yield of 2.9%, while units are returning 4.7%. These figures suggest that while property prices in the area may be relatively high, investors can still expect to receive reasonable rental returns.
Overall, the property market in Ulladulla appears to be in a strong position, with continued demand and limited supply helping to drive prices upwards. While there may be some variation in growth rates depending on the type of property, investors and homebuyers alike can generally expect to see positive returns over the long term.
Burrill Lake
Burrill Lake is a small coastal town located approximately five minutes south of Ulladulla. The town is surrounded by natural beauty, with the lake on one side and the ocean on the other. Burrill Lake has seen significant property growth in recent years, with median house prices increasing by over 50% in the last five years.
According to realestate.com.au, the median house price in Burrill Lake as of February 2023 is $795,000. This represents a significant increase from five years ago, when the median house price was $540,000 in February 2018. Over the past year, the median house price has increased by 14.3%. Meanwhile, the median unit price has increased by 12.7% over the past 12 months and has grown by 33.3% over the past 5 years.
Burrill Lake’s strong property growth can be attributed to its coastal location, relaxed lifestyle, and proximity to popular tourist destinations such as Ulladulla and Mollymook. The town offers a range of waterfront properties, from modest holiday homes to luxury waterfront properties, which are in high demand among both local and interstate buyers.
Mollymook
Mollymook is a coastal town located approximately three hours south of Sydney. The town is famous for its beautiful beaches and world-renowned golf course. Like Burrill Lake, Mollymook has seen significant property growth in recent years, with median house prices increasing by over 50% in the last five years.
According to realestate.com.au, the median house price in Mollymook is $952,500 (as of February 2023).
Over the past 10 years, property prices in Mollymook have experienced strong growth, with the median house price increasing from $575,000 in 2013 to $952,500 in 2023.
In the 12 months to January 2023, there were 52 house sales in Mollymook, with an average sale price of $991,711.
The average annual growth rate for houses in Mollymook over the past 10 years is approximately 7.8%.
Units in Mollymook are also in demand, with the median unit price sitting at $470,000 (as of February 2023). The average annual growth rate for units over the past 10 years is approximately 5.6%.
Overall, property in Mollymook has experienced strong growth over the past decade, with both houses and units in high demand. The suburb’s beautiful beaches and relaxed coastal lifestyle make it a popular choice for both holidaymakers and permanent residents alike.
Milton
Milton is a historic town located approximately five minutes inland from Ulladulla. The town is known for its charming main street, which is lined with boutique shops and cafes. Milton has also seen significant property growth in recent years, with median house prices increasing by over 50% in the last five years.
According to data from realestate.com.au, the median property price in Milton, NSW as of September 2021 is $900,000. Over the past 12 months, the suburb has seen a median price growth of 20.3%.
In terms of property types, houses in Milton have a median price of $990,000, while units have a median price of $475,000. The majority of properties in Milton are houses, with a small number of units also available.
Over the past five years, Milton has experienced strong growth in property prices, with a median price increase of 64.3%. The suburb has become increasingly popular with families, couples, and retirees seeking a peaceful and picturesque coastal lifestyle, with easy access to nearby beaches and national parks.
Conclusion In recent years, the Shoalhaven district has experienced significant population growth, particularly in the coastal areas. This growth has led to an increase in the demand for housing, as well as for services and amenities such as schools, shops, and healthcare facilities. As a result, the district has seen a significant increase in property prices, particularly in the coastal suburbs and towns. (you can also read 6 Benefits of Using a Shoalhaven Buyers Agent here)
