Investment property in Woonona 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 7.33%
Across a shorter period, Woonona, 2517 has seen a median price increase of 1.26% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Woonona is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1049th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
Woonona has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.80% to date .
Over the longer term, Woonona has seen property prices show investors a 48.62% return over the last 3 years. This is worse than over the last 12 months
Woonona, 2517 is offering NSW ‘s 77th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
At number 94 in a list of fastest selling suburbs, Woonona is in the TOP 10% of suburbs in Australia with an average of days on market 39.53 for properties listed there.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.06%, investors should hope to achieve an overall return of 4.06%