Property value increases in Wollongbar have tracked just higher than the NSW average of 10.13% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wollongbar has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Wollongbar should be aiming for at least -3.81% off the asking price, which is the average vendor discount being achieved at the moment.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 3.83%.
At number 1218th in the list of Australian suburbs ordered by increase in median house value over the last year, Wollongbar, 2477 is in the BOTTOM 30% with a property value increase of -1.27% recorded in median house prices.
At number 364th of NSW’s most discounted properties, Wollongbar is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 1088 in a list of fastest selling suburbs, Wollongbar is in the bottom 30% of suburbs in Australia with an average of days on market 97 for properties listed there.
Situated 517.81km from the CBD, Wollongbar is one of Ballina localities in the postcode 2477.