If you compare the increase in value of investment property in West Wollongong, 2500 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.14%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Wollongong has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Wollongong, 2500. Typically our figures indicate that -3.26% is being offered, which puts this NSW suburb at 3494th most discounted overall in Australia.
Often selling an investment property can take time, and in West Wollongong the average time real estate has been on the market is 38.31 days.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.90%, investors should hope to achieve an overall return of 4.02%
With a capital gain of 20.55% for the last 12 months, West Wollongong, 2500 has performed for property investments than its average annual 9.86% property growth over the last 5 years.
The five-year average increase in median property values for West Wollongong,2500 has given property investors a potential capital gain of 35.38% across each of those five years.
West Wollongong2500 is located in NSW which offers an average discount of -4.45% to property investors. West Wollongong itself is showing figures that indicate -2.91% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Property investors should expect to get $360 weekly from the median priced house in this suburb.