If you compare the increase in value of investment property in North Wollongong, 2500 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 19.72%.
While North Wollongong,2500 ranked number 288th in NSW for increase in median house value (annualised) increase, it is ranked 345th over the last 5 years.
Property investors looking for a bargain in North Wollongong should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.
At number 228 in a list of fastest selling suburbs, North Wollongong is in the TOP 20% of suburbs in Australia with an average of days on market 48.43 for properties listed there.
Situated 60.98km from the CBD, North Wollongong is one of Wollongong localities in the postcode 2500.