Gerringong has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.99% to date .
Over the longer term, Gerringong has seen property prices show investors a 36.06% 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 -5.49% offered to property buyers. Sellers in Gerringong itself are offering an average vendor discount of -3.05% to real estate investors.
Often selling an investment property can take time, and in Gerringong the average time real estate has been on the market is 63.58 days.
With the median price for a house in Gerringong being $766000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.53%
Investment property in Gerringong 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 6.09%