Investment property in Coniston has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.75%
Taking the average capital gain, or increase in median house value, Coniston,2500 has racked up an average of -10.75% over the period. This ranks it number 1334th in the whole country for real estate investors looking at median house price increases.
Residents and property investors in Coniston have been waiting around 64.8462 days to sell a property.
Situated 70.20km from the CBD, Coniston is one of Wollongong (C) localities in the postcode 2500.
Coniston has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.61% to date .
The five-year average increase in median property values for Coniston,2500 has given property investors a potential capital gain of 49.60% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coniston, 2500. Typically our figures indicate that -8.21% is being offered, which puts this NSW suburb at 219th most discounted overall in Australia.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Coniston, 2500’s gross rental yield is 4.04%
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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.