Property value increases in Unanderra have tracked just higher than the NSW average of 12.10% over the last 12 months.
If we look at median property appreciation over just the last three months, Unanderra has given property investors a paper return of 5.08%. This puts Suburb as 578 on a list of fastest fasting appreciating suburbs in NSW
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Unanderra itself are offering an average vendor discount of -4.74% to real estate investors.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 7.02%, investors should hope to achieve an overall return of 3.73%
If you compare the increase in value of investment property in Unanderra, 2526 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.98%.
In the last year 13 properties changed hands in Unanderra, which puts it as the 563th most active market in NSW when comparing the number of sales per suburb.
Unanderra is 83th on a list of best yielding suburbs for rents in NSW with a 4.84% return
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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.