Over the last year, property investments in Woolloomooloo, 2011 have given investors a capital gain of 31.46%. This compares very favourably with the 6.22% for NSW as a whole.
While Woolloomooloo,2011 ranked number 58th in NSW for increase in median house value (annualised) increase, it is ranked 116th over the last 5 years.
Our latest figures would indicate that property sellers in Woolloomooloo are currently offering property investors an average price cut of -1.59% below the asking price at the moment.
Often selling an investment property can take time, and in Woolloomooloo the average time real estate has been on the market is 60.86 days.
With the median price for a house in Woolloomooloo being $992500 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 3.25%