Investment property in Wollongong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.92%
A 84.58% growth in median value for property investors in Wollongong,2500 puts this suburb at number 1161th in terms of best performing suburbs in NSW
At number 905th of NSW’s most discounted properties, Wollongong is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Wollongong is 824th on a list of best yielding suburbs for rents in NSW with a 3.01% return
Wollongong is in the TOP 30% in NSW when comparing median price capital growth over the last year. Wollongong gave property investors a good capital gain figure when compared to the rest of the state, with 8.26%.
Over the longer term, Wollongong has seen property prices show investors a 26.88% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.55% to buyers in Wollongong at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.