Wollongong, 2500 ranked 395th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongong is one of 3163 in our list for NSW
Comparing Wollongong,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 7.53%.
At number 954th in the list of Australian suburbs ordered by increase in median house value over the last year, Wollongong, 2500 is in the BOTTOM 40% with a property value increase of -4.01% recorded in median house prices.
Wollongong,2500 was ranked 667 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Wollongong is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in NSW
Wollongong is 314th on a list of best yielding suburbs for rents in NSW with a 3.91% return