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 12.12%
Wollongong,2500 was ranked 170 in Australia by increase in median property value over the quarter.
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 Wollongong, 2500. Typically our figures indicate that -3.29% is being offered, which puts this NSW suburb at 3440th most discounted overall in Australia.
At number 539 in a list of fastest selling suburbs, Wollongong is in the TOP 20% of suburbs in Australia with an average of days on market 48.65 for properties listed there.
The NSW suburb of Wollongong, 2500 is in the Wollongong local government area.
Over the last year, property investments in Wollongong, 2500 have given investors a capital gain of 6.19%. This compares averagely with the 8.14% for NSW as a whole.
If we look at median property appreciation over just the last three months, Wollongong has given property investors a paper return of 4.58%. This puts Suburb as 81 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Wollongong itself are offering an average vendor discount of -3.33% to real estate investors.
Wollongong is 270th on a list of best yielding suburbs for rents in NSW with a 4.23% return