NSW has seen average median house prices change by 8.99% which means that West Wollongong, 2500 has done well for property investors by showing a capital gain of 15.19% over the last year
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.
West Wollongong, 2500 is offering NSW ‘s 999th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
West Wollongong, 2500’s gross rental yield is 4.05%
NSW has seen average median house prices change by 8.14% which means that West Wollongong, 2500 has done well for property investors by showing a capital gain of 21.74% over the last year
Taking the average capital gain, or increase in median house value, West Wollongong,2500 has racked up an average of 21.74% over the period. This ranks it number 22th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in West Wollongong are currently offering property investors an average price cut of -2.16% below the asking price at the moment.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Advertised rents are around the $350 mark per week – giving a return of 4.33% based on the median price in Suburb