Investment property in 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 16.30%
Taking the average capital gain, or increase in median house value, Wollongong,2500 has racked up an average of 16.30% over the period. This ranks it number 111th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Wollongong is giving property investors an average Vendor Discount of around -2.42%. This puts suburb at number 1198th in NSW when ranking the most discounted suburbs.
Situated 67.77km from the CBD, Wollongong is one of Wollongong localities in the postcode 2500.
With a capital gain of 14.04% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 5.01% property growth over the last 5 years.
A 44.44% growth in median value for property investors in Wollongong,2500 puts this suburb at number 124th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Wollongong is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 329th in terms of most discounted suburbs in NSW
Wollongong is 296th on a list of best yielding suburbs for rents in NSW with a 4.10% return