Homeowners and real estate investors betting on NORTH WOLLONGONG, 2500 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11%.
A steady increase in median property prices over a five-year period in NORTH WOLLONGONG, 2500 translates to a 38.06% capital gain.
Property investors enjoyed capital gains of 11% over the last 12 months in NORTH WOLLONGONG, translating to lower returns compared with its peers in NSW.
NORTH WOLLONGONG, 2500 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 $535,000.
Profits due to an upward trend in home prices in NORTH WOLLONGONG, 2500 averaged 12.69% per annum over a 3-year period.
Home owners selling their properties and realtors in NORTH WOLLONGONG usually have to wait an average of 33.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.89% increase in returns based on the current median price in NORTH WOLLONGONG.
NORTH WOLLONGONG, 2500 places 52nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||11%|
|Median 3 years||N/A||38.06%|
|Median 5 years||N/A||35.44%|
|10 years average annual||N/A||8.17%|
|Weekly media advert. rent||N/A||$400|
|Time on Market||N/A||33.8 days|
|Gross Rental Yield Percent||N/A||3.89%|