Wollongbar

POSTAL CODE: NSW, 2477

HOUSE

UNIT

Property investors have seen a -1.16% drop in WOLLONGBAR based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains WOLLONGBAR, 2477 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $850,000

Profits averaged -2.67% per annum over a 3-year period, due to an downward trend in home prices in WOLLONGBAR, 2477.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

The gross rental yield in WOLLONGBAR, 2477 is 4.89%.

An average of 5.75 real estate transactions take place per month in WOLLONGBAR which translates to 69 per annum.

Property investments in WOLLONGBAR fare well against the rest of the country last year, registering a median home price increase of 13.99%.

Figures from the previous quarter show that capital gains for real estate buyers in WOLLONGBAR are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WOLLONGBAR, 2477 saw average growth in the long term.

This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WOLLONGBAR, homes and units usually stay on listing for an average of 51.6 days.

the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $725,000

Investors saw the median home price rise to $725,000.

WOLLONGBAR ranks 218th on the list of best yielding suburbs for rental properties in NSW, posting a 4.45% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$850,000	$725,000
Growth Report
Median Quarterly	-1.16%	-1.36%
Median 12 month	-7.86%	13.99%
Median 3 years	-8.6%	3.57%
Median 5 years	37.1%	45%
10 years average annual	6.89%	11.21%
Weekly media advert. rent	$800	$620
Time on Market	79.5 days	51.6 days
Gross Rental Yield Percent	4.89%	4.45%

Demographics (Median Values)*

Total Population 12203

Weekly Household Income 1166

Household Size 2.40

Average Age 47

Monthly Loan Repayment 1625

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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