At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Wollongbar, 2477 is in the top 20% with a property value increase of 17.90% recorded in median house prices.
Wollongbar,2477 was ranked 1682 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Wollongbar is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 777th in terms of most discounted suburbs in NSW
Residents and property investors in Wollongbar have been waiting around 88.16 days to sell a property.
Advertised rents are around the $440 mark per week – giving a return of 4.24% based on the median price in Suburb
NSW has seen average median house prices change by 8.63% which means that Wollongbar, 2477 has done well for property investors by showing a capital gain of 5.14% over the last year
A 21.71% growth in median value for property investors in Wollongbar,2477 puts this suburb at number 199th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Wollongbar should be aiming for at least -2.69% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Wollongbar being $359050 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.63%