Property value increases in Wollongbar have tracked lower than the NSW average of 8.99% over the last 12 months.
While Wollongbar,2477 ranked number 1116th in NSW for increase in median house value (annualised) increase, it is ranked 1139th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Wollongbar itself are offering an average vendor discount of -5.33% to real estate investors.
Residents and property investors in Wollongbar have been waiting around 105.06 days to sell a property.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
Property investors who have had real estate in Wollongbar, 2477 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 13.71%
Property investors looking for a bargain in Wollongbar should be aiming for at least -3.29% off the asking price, which is the average vendor discount being achieved at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.72%, without taking into account capital value appreciation, which has been averaging out at 5.62%.