Wollongbar is an average performer in NSW when comparing median price capital growth over the last year. Wollongbar gave property investors a average capital gain figure when compared to the rest of the state, with 6.41%.
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 buyers and investors in Wollongbar 2477 should be seeing an average reduction in asking price of around -4.68% . This means that Wollongbar is holding prices well when compared to other suburbs in NSW.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.25%, without taking into account capital value appreciation, which has been averaging out at 2.90%.
Property value increases in Wollongbar have tracked just lower than the NSW average of 5.41% over the last 12 months.
At number 337th 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.
In the last year 23 properties changed hands in Wollongbar, which puts it as the 424th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $325 weekly from the median priced house in this suburb.