NSW has seen average median house prices change by 7.93% which means that West Wollongong, 2500 has done well for property investors by showing a capital gain of 14.29% over the last year
If we look at median property appreciation over just the last three months, West Wollongong has given property investors a paper return of -0.80%. This puts Suburb as 1011 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in West Wollongong 2500 should be seeing an average reduction in asking price of around -3.40% . This means that West Wollongong is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $470 mark per week – giving a return of 3.94% based on the median price in Suburb
Property value increases in West Wollongong have tracked higher than the NSW average of 6.92% over the last 12 months.
Across a shorter period, West Wollongong, 2500 has seen a median price increase of 4.94% over the last quarter.
The most recent median price for West Wollongong is $425000, with sellers offering an average of -2.24% off the asking price.
Situated 68.77km from the CBD, West Wollongong is one of Wollongong localities in the postcode 2500.