Over the last year, property investments in West Wollongong, 2500 have given investors a capital gain of 13.42%. This compares favourably with the 8.26% for NSW as a whole.
West Wollongong,2500 was ranked 1055 in Australia by increase in median property value over the quarter.
West Wollongong2500 is located in NSW which offers an average discount of -5.49% to property investors. West Wollongong itself is showing figures that indicate -3.85% is the average achievable by property buyers investing in the suburb.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 6.21%.
Investment property in West Wollongong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.48%
Across a shorter period, West Wollongong, 2500 has seen a median price increase of 13.98% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that West Wollongong is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 361th in terms of most discounted suburbs in NSW
Residents and property investors in West Wollongong have been waiting around 42.5 days to sell a property.
Situated 60.41km from the CBD, West Wollongong is one of Wollongong localities in the postcode 2500.