Bellambi NSW 2518: Property Market Report & Real Estate Insights

Part of Wollongong, NSW

Bellambi Real Estate Market Outlook

Thinking about buying in Bellambi? Now could not be a better time, with 2280 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $966,000 with prices in this suburb ranging from $71,000 to $5,006,000. Bellambi is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Bellambi

In Bellambi there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Bellambi is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Bellambi provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Bellambi necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Bellambi we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bellambi a better buying opportunity than it may have been in the past.

Instant Property Valuation

Bellambi, a coastal suburb situated in the northern region of Wollongong, NSW, offers a unique blend of affordable housing options and stunning natural landscapes, making it an attractive choice for both first-time buyers and established families. The housing market in Bellambi is characterized by a mix of older style houses and increasingly modern developments, reflecting a period of ongoing growth and rejuvenation. In recent years, the demand for property in Bellambi has been fueled by its relative affordability compared to its neighboring suburbs, and by the general upward trend in Wollongong's real estate market. Potential homeowners and investors are drawn to Bellambi for its value proposition—the chance to own property within close proximity to the beach and the city, without the hefty price tag found in some of the more central areas.

Living in Bellambi combines the tranquility of suburban life with all the perks of a beachside community. Residents enjoy easy access to Bellambi Beach and the scenic coastal walkways, which promote an active, outdoor lifestyle. The suburb benefits from a strong sense of community, with local parks, schools, and sporting facilities offering ample opportunities for families and children to engage and develop. Bellambi's accessibility to public transport and close proximity to Corrimal and Wollongong's retail and dining hubs make commuting and social activities convenient. Overall, Bellambi presents a compelling case for those looking to balance affordability with a high quality of life, marked by natural beauty and community connectivity.

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