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Shell Cove, NSW 2529

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Shell Cove, NSW 2529 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Shell Cove, NSW 2529”

  1. The total adult population (15 years or older) of Shell Cove 2529 NSW is 6,033, with a median age of 40. Of those, 58.48% are married, 9.05% are divorced or separated, 28.11% are single and 4.38% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $10,628. The median monthly mortgage repayment for households in this suburb is $2,386 which is 22.45% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of Shell Cove 2529 is a thriving residential area consisting of an estimated 3,253 households. As of Q3 2023, housing property prices in Shell Cove 2529 are typically marked at $1,265,080. Pair those prices with a median weekly rent of $739, and it’s clear that buying property in this suburb provides an indicative yield of 3.04%; this result is just above the minimum market requirement of 3%, attracting cashflow-centered property investors.

    Examining the fundamentals, the socio-economic score in Shell Cove reaches 1076 out of 1217, indicating a relatively high socio-economic status of the local population, with accessibility to economic resources, and an influx of skilled professions. When coupled with a renter to owner ratio of 19% (well below the 30% threshold), it’s clear that the market is not over-saturated with rental properties; this considerably lessens competition among property investors and reduces associated risks.

    Further, Shell Cove boasts a low units to houses ratio of 5%, suggesting there’s less competition among landlords for tenants generally. This, in turn, promotes higher rental yields, drives longer tenancy periods and increases overall appeal and ‘vibe’ of the neighbourhood. Despite these appealing factors, the suburb shows decreased affordability, with an index indicating it would take 47 years to fully own a property, well above the standard 30-year mortgage assumption.

    On the supply side, Shell Cove sits comfortably in the favourable range with a stock on market percentage of 0.34% and an inventory level of 0.96 months. The building approvals Ratio at 0.42% signifies a relatively low supply of new dwelling stock, adding to the favourable conditions.

    However, Shell Cove’s demand metrics present a bit of a mixed bag. The days on the market for houses stand at a relatively high 177 days, indicative of a slower, lower demand. Furthermore, the combined houses and units vacancy rate is a substantial 5.41%, a figure that suggests a lesser demand for rental properties. Despite that, Shell Cove registers an average buy search index of 4 for houses.

    In summary, Shell Cove offers several favourable conditions, such as low supply and high socio-economic scores, despite its diminished affordability and mixed demand indicators. It’s important to note that these metrics should be continuously monitored as trends can significantly affect the market’s attractiveness. It’s also reasonable to remember that having some metrics in unfavourable ranges may be acceptable as long as other metrics are favourable. Making use of a comprehensive measure like the RCS (Relative Composite Score) developed by HtAG Analytics can greatly streamline this analysis by incorporating over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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