The suburb’s capital gain of 7.93% for the past year is lower than average compared to its 66.64% growth within a five-year period.
Also in ILLAWONG, the median home price is sitting at $1,279,000, and the average rent at $800, this suggests property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a 4.84% gain in ILLAWONG based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.61% growth over a ten-year period. It ranks 672nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.93%||3.24%|
|Median 3 years||40.47%||28.7%|
|Median 5 years||66.64%||72.55%|
|10 years average annual||7.61%||9.13%|
|Weekly media advert. rent||$800||$590|
|Time on Market||71.0 days||63.4 days|
|Gross Rental Yield Percent||3.25%||3.56%|