Investment property in Warrawong 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 9.91%
Comparing Warrawong,2502 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Warrawong is $441000, with sellers offering an average of -4.14% off the asking price.
At number 810 in a list of fastest selling suburbs, Warrawong is in the TOP 30% of suburbs in Australia with an average of days on market 57.47 for properties listed there.
With the median price for a house in Warrawong being $441000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 4.63%
If you compare the increase in value of investment property in Warrawong, 2502 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.50%.
Across a shorter period, Warrawong, 2502 has seen a median price increase of 4.40% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Warrawong is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 474th in terms of most discounted suburbs in NSW
Property investors should expect to get $280 weekly from the median priced house in this suburb.