Wollongong has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.04% to date .
Over the longer term, Wollongong has seen property prices show investors a 40.24% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -5.61% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.05%, without taking into account capital value appreciation, which has been averaging out at 7.67%.
Wollongong has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.09% to date .
Wollongong,2500 was ranked 508 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.07% to buyers in Wollongong at the moment, which is less than average for the rest of NSW.
Wollongong is 379th on a list of best yielding suburbs for rents in NSW with a 3.73% return