Property investors who have had real estate in Gerringong, 2534 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.00%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gerringong has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Gerringong are currently offering property investors an average price cut of -2.88% below the asking price at the moment.
With the median price for a house in Gerringong being $725000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.94%