Wollongong, 2500 ranked 1256th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongong is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Wollongong,2500 has racked up an average of -6.78% over the period. This ranks it number 3911th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Wollongong should be aiming for at least -5.76% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Wollongong the average time real estate has been on the market is 51.0357 days.
Wollongong, 2500’s gross rental yield is 3.00%
Wollongong, 2500 ranked 423th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongong is one of 3163 in our list for NSW
A 13.77% growth in median value for property investors in Wollongong,2500 puts this suburb at number 297th in terms of best performing suburbs in NSW
Wollongong2500 is located in NSW which offers an average discount of -4.60% to property investors. Wollongong itself is showing figures that indicate -4.18% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Wollongong have been waiting around 75.7681 days to sell a property.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 4.49%.