The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
The suburb’s capital gain of -3.74% for the past year is lower than average compared to its 49.62% growth within a five-year period.
Also in ILLAWONG, the median home price is sitting at $1,287,500, and the average rent at $770, this suggests property owners could potentially earn a 3.11% increase in gross rental yield.
Property investors have seen a -4.45% drop in ILLAWONG based on a decrease 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 6.66% growth over a ten-year period. It ranks 1167th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,287,500 | $865,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.45% | -2.54% |
| Median 12 month | -3.74% | -2.81% |
| Median 3 years | 13.94% | 33.03% |
| Median 5 years | 49.62% | 35.34% |
| 10 years average annual | 6.66% | 7.89% |
| Weekly media advert. rent | $770 | $599 |
| Time on Market | 72.0 days | 42.2 days |
| Gross Rental Yield Percent | 3.11% | 3.6% |
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