West Wollongong is in the TOP 20% in NSW when comparing median price capital growth over the last year. West Wollongong gave property investors a very good capital gain figure when compared to the rest of the state, with 20.78%.
Comparing West Wollongong,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
West Wollongong2500 is located in NSW which offers an average discount of -5.26% to property investors. West Wollongong itself is showing figures that indicate -4.09% is the average achievable by property buyers investing in the suburb.
West Wollongong, 2500’s gross rental yield is 3.38%
Over the last year, property investments in West Wollongong, 2500 have given investors a capital gain of 6.87%. This compares averagely with the 7.48% for NSW as a whole.
LACK OF BUYER INTEREST may well be the reason that West Wollongong is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 86th in terms of most discounted suburbs in NSW
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Tucked away in the innermost western corner of Wollongong City, the suburb of West Wollongong is a perpetually popular dwelling.Full summary
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Popularity keeps apartment demand strong
Median unit price: $455,000
Three-year growth: 46.77%
Rental yield: 4.00%
Tucked away in the innermost western corner of Wollongong City, the suburb of West Wollongong is a perpetually popular dwelling.
The suburb recorded nearly 23% growth in the past year, in line with a very strong positive growth trend over the past five years. Average annual growth in the unit market is at a high 8.26%, indicating that this suburb’s demand shows no signs of slowing down.
Buyers are drawn to West Wollongong’s excellent location in the city, as well as its proximity to many amenities. The University of Wollongong is just a stone’s throw away, and the suburb itself is the site of a well-stocked commercial strip.
Thus, it’s easy to see how vendors are able to sell apartments at just slightly under the listing price, with the average discount rate coming in at only 2.74%. Close