Over the last year, property investments in Illawong, 2234 have given investors a capital gain of 5.55%. This compares badly with the 9.05% for NSW as a whole.
Illawong,2234 has offered an average of 5.55% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Illawong itself are offering an average vendor discount of -2.35% to real estate investors.
Situated 21.27km from the CBD, Illawong is one of Sutherland Shire localities in the postcode 2234.
If you compare the increase in value of investment property in Illawong, 2234 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.00%.
The five-year average increase in median property values for Illawong,2234 has given property investors a potential capital gain of 72.55% across each of those five years.
Our latest figures would indicate that property sellers in Illawong are currently offering property investors an average price cut of -7.19% below the asking price at the moment.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 7.13%, investors should hope to achieve an overall return of 3.59%