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 21.76%
When looking at the potential capital gains offered to property investors over the last 3 years, Wollongong comes in at number 131th in NSW.
LACK OF BUYER INTEREST may well be the reason that Wollongong is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 979th in terms of most discounted suburbs in NSW
At number 1033 in a list of fastest selling suburbs, Wollongong is in the TOP 30% of suburbs in Australia with an average of days on market 61.06 for properties listed there.
Situated 67.80km from the CBD, Wollongong is one of Wollongong localities in the postcode 2500.
With a capital gain of 11.70% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 5.21% property growth over the last 5 years.
Over the longer term, Wollongong has seen property prices show investors a 28.05% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Wollongong itself are offering an average vendor discount of -3.63% to real estate investors.
Wollongong is 270th on a list of best yielding suburbs for rents in NSW with a 4.16% return