Property value increases in Woolloomooloo have tracked higher than the NSW average of 8.26% over the last 12 months.
If we look at median property appreciation over just the last three months, Woolloomooloo has given property investors a paper return of -2.86%. This puts Suburb as 1296 on a list of fastest fasting appreciating suburbs in NSW
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 12.33%, investors should hope to achieve an overall return of 2.60%
At number 80th in the list of Australian suburbs ordered by increase in median house value over the last year, Woolloomooloo, 2011 is in the top 10% with a property value increase of 25.00% recorded in median house prices.
Woolloomooloo,2011 was ranked 363 in Australia by increase in median property value over the quarter.
The most recent median price for Woolloomooloo is $950000, with sellers offering an average of -3.99% off the asking price.
Property investors should expect to get $620 weekly from the median priced house in this suburb.