Property investors who have had real estate in Wollongong, 2500 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.96%
If we look at median property appreciation over just the last three months, Wollongong has given property investors a paper return of 1.86%. This puts Suburb as 611 on a list of fastest fasting appreciating suburbs in NSW
At number 1186 in a list of fastest selling suburbs, Wollongong is in the TOP 40% of suburbs in Australia with an average of days on market 59.5263 for properties listed there.
Wollongong, 2500’s gross rental yield is 2.81%
With a capital gain of -1.21% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 4.48% property growth over the last 5 years.
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 -3.46% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $420 weekly from the median priced house in this suburb.