San Remo NSW Property Investment

San Remo has compounded at 10.0%/yr over 5 years — a house that cost $506,237 in 2021 is worth $815,300 today. Properties are sitting on market for 42 days (roughly balanced conditions). At the same growth rate, today's median reaches $1,313,049 by 2031.

• Median house: $815,300 | Units: $584,337
• Gross yield: 3.6% | Net yield: 2.1%
• 5yr price CAGR: 10.0%/yr | 3yr forecast: 13.5%/yr
• Population: 4,434 | Owner-occupier rate: 70% | Affluence: Below Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 2.5% (stable) | Rental demand: Moderate
• Median weekly rent: $560/wk | Days on market: 42 (stable)
• Balanced market — vacancy manageable but monitor trend.

• Median nightly rate: $548/night | Occupancy: 40%
• Estimated annual STR gross: ~$79,935/yr
• vs long-term rent: $29,120/yr (+175% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Standard suburban transport access

If San Remo maintains 3%+ annual growth and vacancy stays below 1.8%, median prices could reach $937,595 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in San Remo pull back 10-15% from $815,300, with vacancy rising to 4.5% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Lake Illawarra (NSW): $982,570 median, 3.4% yield, 10.6% 1yr growth
• Kinchela (NSW): $776,000 median, 3.2% yield, -0.5% 1yr growth
• Hat Head (NSW): $678,789 median, 3.6% yield, 37.5% 1yr growth

San Remo offers balanced fundamentals but does not present an urgent buying signal. The market is in a stable phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.1%.

• Entry range: $733,770 – $896,830
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.