Market Insights
Median Sales Price – The current median sales price in Shell Cove is $1,360,000, which has seen a 32.4% increase since October 2021.
Rental Demand – we are seeing huge demand for rental listings despite there being more properties available for rent. On average we are receiving 5-15 applications per property in today’s market and properties generally lease within 1-2 weeks of its marketing campaign.
Average Days on Market – 73 days (Down 2.89% from the last 60 days)
New Sales Listings – 33 (Down 43.1% from the last 60 days)
Total Rental listings – 40 (Up 2.56% from the last 60 days)
Recently Advised Sales – 29 (Down 9.38% from the last 60 days)
Median Sales Price – $1,360,000 (Up 32.4% from the last 60 days)
Recently Withdrawn Advice – 14 (Up 16.67% from the last 60 days)
Days on Market – The current average days on market is 73 days. We have seen market conditions move back to a normal pre covid market. However, properties are still selling in today’s market.
RBA RATES – The RBA increased the cash rate by 0.25 on the 5th of October bringing the current cash rate to 2.6%. The next RBA Board meeting and Official Cash Rate announcement will be on the 1st November 2022.
Our Most Recent Shell Cove Sales
30 Shallows Drive, Shell Cove $2,450,000
42 Mystics Drive, Shell Cove $1,810,000
23 Whimbrel Terrace, Shell Cove $1,680,000
10 Hinchinbrook Drive, Shell Cove $1,660,000
16 Cove Boulevard, Shell Cove $1,660,000
20 Bruny Place, Shell Cove $1,310,000
2 Edgecombe Court, Shell Cove $1,115,000
5A Siska Circuit, Shell Cove $950,000
Suburb Highlights
The Waterfront Food and Wine Festival is our chance to celebrate Shell Cove and experience what the Illawarra has to offer. Showcasing the regions award-winning wine, craft beer and spirit producers, alongside the world-class Shellharbour Marina.
This two day event will include live performances, free entertainment, workshops, and displays. The headlining guests include MasterChef’s Adam Liaw and Celebrity Chef Mark Olive.
Find out more about this event by clicking here
