At number 31th 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 32.69% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Woolloomooloo,2011 has racked up an average of 32.69% over the period. This ranks it number 124th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Woolloomooloo is $1035000, with sellers offering an average of -2.92% off the asking price.
Residents and property investors in Woolloomooloo have been waiting around 50 days to sell a property.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 8.80%.