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 17.03%
Wollongong,2500 has offered an average of 17.03% return per annum in house price rises to property investors over the last three years.
Wollongong2500 is located in NSW which offers an average discount of -5.49% to property investors. Wollongong itself is showing figures that indicate -2.42% is the average achievable by property buyers investing in the suburb.
A $497.5 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 6.97%.
With a capital gain of 14.38% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 5.13% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Wollongong comes in at number 309th in NSW.
Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -3.61% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Wollongong have been waiting around 47.77 days to sell a property.
Situated 55.54km from the CBD, Wollongong is one of Wollongong localities in the postcode 2500.