Property investors who have had real estate in Wollongong, 2500 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.67%
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.
Often selling an investment property can take time, and in Wollongong the average time real estate has been on the market is 60.8636 days.
Situated 68.81km from the CBD, Wollongong is one of Wollongong (C) localities in the postcode 2500.
Giving property investors a a stable capital gain of 1.69% for the last year, Wollongong, 2500 is the 606th 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
Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -6.94% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.