At number 1430th in the list of Australian suburbs ordered by increase in median house value over the last year, Warrawong, 2502 is in the top 40% with a property value increase of 7.74% recorded in median house prices.
Over the longer term, Warrawong has seen property prices show investors a 51.97% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Warrawong is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 992th in terms of most discounted suburbs in NSW
With a capital gain of 14.50% for the last 12 months, Warrawong, 2502 has performed for property investments than its average annual 28.74% property growth over the last 5 years.
Vendor discounting in Warrawong is giving property investors an average Vendor Discount of around -0.80%. This puts suburb at number 469th in NSW when ranking the most discounted suburbs.
Residents and property investors in Warrawong have been waiting around 56.23 days to sell a property.
With the median price for a house in Warrawong being $354950 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.25%