Thinking about buying in Nelly Bay? Now could not be a better time, with 1679 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $468,000 with prices in this suburb ranging from $32,000 to $3,363,000. Nelly Bay 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

Nelly Bay Real Estate Market Outlook

In Nelly Bay 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 Nelly Bay 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. The slightly lower than average earnings from occupations in Nelly Bay changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Nelly Bay 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 Nelly Bay 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 Nelly Bay a better buying opportunity than it may have been in the past.

Properties for sale Nelly Bay

	122 mandalay av, nelly bay, qld, 4819	5	2	1	1274000
	unit 14, 106 mandalay av, nelly bay, qld, 4819	7	4	2	1092000
	17 grace st, nelly bay, qld, 4819	4	2	1	750750
	unit 12, 1-3 the cove, nelly bay, qld, 4819	3	2	1	589850
	unit 141, 123 sooning st, nelly bay, qld, 4819	2	1	1	395000
	unit 232, 123-145 sooning st, nelly bay, qld, 4819	2	2	0	395000
	2 warboys st, nelly bay, qld, 4819	0	0	0	640000

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