Property value increases in Coniston have tracked close to the NSW average of 0.15% over the last 12 months.
Across a shorter period, Coniston, 2500 has seen a median price increase of 1.55% over the last quarter.
Advertised rents are around the $480 mark per week – giving a return of 3.81% based on the median price in Suburb
Property value increases in Coniston have tracked just higher than the NSW average of -0.92% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Coniston comes in at number 28th in NSW.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Coniston, 2500’s gross rental yield is 4.09%
Information supplied by:
Buoyed by the past
Median house price: $720,000
Three-year growth: 32.1%
Rental yield: 3.5%
North of the Port Kembla Steelworks and just south of the Wollongong CBD, the suburb of Coniston is a hub of commercial activity with many businesses operating, including a hotel, bakery, specialty retail shops and a medical centre.
House prices were flat in the February 2019 quarter, but this is certainly a suburb with strong growth potential, if its average annual growth rate of 9% is any indication, as it comes off remarkable boosts over 2016 and 2014.
It is also close to the many amenities in Wollongong, including the beautiful port area and schools such a campus of the Illawarra Institute of TAFE. Public transport is also abundant, with trains running through the Coniston railway station and several bus stops. Coniston is also known for Greenhouse Park, a park that was converted from a waste pile.