Property investors who have had real estate in Unanderra, 2526 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%
Across a shorter period, Unanderra, 2526 has seen a median price increase of -1.85% over the last quarter.
Unanderra, 2526 is offering NSW ‘s 457th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 0.45%, investors should hope to achieve an overall return of 3.55%
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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.