Giving property investors a an average capital gain of 0.59% for the last year, Wollongong, 2500 is the 2160th highest performer in Australia in this respect.
Comparing Wollongong,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 40 properties changed hands in Wollongong, which puts it as the 699th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Wollongong being $855000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 3.10%
Over the last year, property investments in Wollongong, 2500 have given investors a capital gain of -4.51%. This compares badly with the 0.04% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wollongong has increased when compared to the 5 year average annual rate.
At number 77th of NSW’s most discounted properties, Wollongong is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Wollongong, 2500’s gross rental yield is 4.00%