Unanderra has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.19% to date .
A 43.60% growth in median value for property investors in Unanderra,2526 puts this suburb at number 617th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Unanderra are currently offering property investors an average price cut of -6.67% below the asking price at the moment.
At number 1684 in a list of fastest selling suburbs, Unanderra is just in the top half of suburbs in Australia with an average of days on market 71.8718 for properties listed there.
Renters in Suburb are facing rents around $22880 per annum or $440 every week.
If we look at median property appreciation over just the last three months, Unanderra has given property investors a paper return of -7.14%. This puts Suburb as 530 on a list of fastest fasting appreciating suburbs in NSW
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Information supplied by:
Wollongong suburb benefits from development
Median house price: $607,500
Three-year growth: 62.0%
Rental yield: 3.6%
A suburb that has undergone remarkable development in the past decade, Unanderra’s appeal among buyers has skyrocketed.
Over the five-year period of June 2013-2018, house prices in this suburb rose by almost 100%. In the past year, values increased by 15.3%; the median house price passed the $600,000 mark. The average annual growth rate of 8.9% certainly speaks volumes about Unanderra’s long-term potential. Short-term demand is confirmed by the fact that houses spend an average of only 35 days in the market.
Situated in the Wollongong region, Unanderra has everything a resident could want. There’s a Woolworths supermarket in addition to small shops. Families also have access to schools like St. Pius X and Cedars Christian College. Commuters can travel via train or bus.
Aside from the comforts of city living, Unanderra also provides beautiful mountain views.