Investment property in Wollongong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.35%
The five-year average increase in median property values for Wollongong,2500 has given property investors a potential capital gain of 80.11% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Wollongong is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 772th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Wollongong the average time real estate has been on the market is 79.41 days.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
Wollongong, 2500 ranked 172th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongong is one of 3163 in our list for NSW
While Wollongong,2500 ranked number 217th in NSW for increase in median house value (annualised) increase, it is ranked 256th over the last 5 years.
The most recent median price for Wollongong is $545000, with sellers offering an average of -3.70% off the asking price.
In the last year 537 properties changed hands in Wollongong, which puts it as the 2nd most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Wollongong, 2500 is in the Wollongong local government area.