On Sydney’s south coast, Kiama is emerging as the following property investment hot spot location, with thousands of investors registering interest over the past 12 months. But why has there been so much garnered interest that has turned this coastal town into a property investor’s dream?
Located approximately 90 minutes south of Sydney, Kiama’s main attractions are the beautiful seaside beaches that stretch the length of the south coast of New South Wales, such as Kiama, Gerroa, Gerringong, Bombo and Minnimurra (or mystics as the locals call it). Added to these natural gems is the Killalea Reserve for bushwalking.
Complementing Kiama’s natural beauty is its cool climate and small population compared to the big city lifestyle of Sydney, Melbourne or Brisbane. On average, temperatures range from 12 to 26 degrees; it’s just about the ideal climate for any property investor. The small population of only 7,700 (2016 Census) makes Kiama a fantastic place to get to know the locals quickly.
With its natural landscapes, including its famous blowhole – the largest in the world, small-town atmosphere, friendly locals and enjoyable climate, it’s no surprise that investor demand in Kiama has resulted in property price growth of 19.15% year on year (CoreLogic Sept ’19 to ’20).