Investment property in Illawong has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.35%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Illawong has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Illawong are currently offering property investors an average price cut of -3.42% below the asking price at the moment.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 3.25%
With a capital gain of 26.67% for the last 12 months, Illawong, 2234 has performed for property investments than its average annual 6.55% property growth over the last 5 years.
Comparing Illawong,2234 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Illawong 2234 should be seeing an average reduction in asking price of around -7.19% . This means that Illawong is holding prices well when compared to other suburbs in NSW.