West Wollongong, 2500 ranked 328th in NSW when comparing growth in median property values or capital gain over the last 12 months. West Wollongong is one of 3163 in our list for NSW
West Wollongong,2500 has offered an average of 17.92% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $530 mark per week – giving a return of 3.67% based on the median price in Suburb
Over the last year, property investments in West Wollongong, 2500 have given investors a capital gain of 16.32%. This compares very favourably with the 8.39% for NSW as a whole.
Taking the average capital gain, or increase in median house value, West Wollongong,2500 has racked up an average of 16.32% over the period. This ranks it number 720th in the whole country for real estate investors looking at median house price increases.
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