Over the last year, property investments in Woolloomooloo, 2011 have given investors a capital gain of 38.00%. This compares very favourably with the 7.47% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Woolloomooloo,2011 has racked up an average of 38.00% over the period. This ranks it number 22th in the whole country for real estate investors looking at median house price increases.
The NSW suburb of Woolloomooloo, 2011 is in the Sydney local government area.
Property investors who have had real estate in Woolloomooloo, 2011 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 29.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woolloomooloo has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Woolloomooloo, 2011. Typically our figures indicate that -6.09% is being offered, which puts this NSW suburb at 485th most discounted overall in Australia.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 9.95%, investors should hope to achieve an overall return of 3.17%