If you compare the increase in value of investment property in Wollongong, 2500 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -12.57%.
If we look at median property appreciation over just the last three months, Wollongong has given property investors a paper return of -8.57%. This puts Suburb as 1416 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Wollongong is giving property investors an average Vendor Discount of around -5.26%. This puts suburb at number 894th in NSW when ranking the most discounted suburbs.
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 4.17%.
Over the longer term, Wollongong has seen property prices show investors a 17.45% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Wollongong are currently offering property investors an average price cut of -7.39% below the asking price 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 76.53 days.
Wollongong is 382th on a list of best yielding suburbs for rents in NSW with a 3.73% return