North Wollongong

POSTAL CODE: NSW, 2500

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains NORTH WOLLONGONG, 2500 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that NORTH WOLLONGONG, 2500 obtained a 0% decrease over a ten-year period. It ranks 4594th on our list of suburbs that property investors should look into.

NORTH WOLLONGONG, 2500 in NSW belongs to the local government area of Wollongong.

NORTH WOLLONGONG, 2500 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in NORTH WOLLONGONG sitting at $1,195,000, and the average rent at $810, property owners could potentially earn a 3.52% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in NORTH WOLLONGONG, 2500 translates to a 4.38% capital gain.

Property investors enjoyed capital gains of 5.61% 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 $775,000.

Profits due to an upward trend in home prices in NORTH WOLLONGONG, 2500 averaged 1.46% per annum over a 3-year period.

Home owners selling their properties and realtors in NORTH WOLLONGONG usually have to wait an average of 61.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.03% increase in returns based on the current median price in NORTH WOLLONGONG.

NORTH WOLLONGONG, 2500 places 176th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,195,000	$775,000
Growth Report
Median Quarterly	0%	1.84%
Median 12 month	0%	5.61%
Median 3 years	0%	4.38%
Median 5 years	0%	16.54%
10 years average annual	0%	5.51%
Weekly media advert. rent	$810	$600
Time on Market	N/A	61.3 days
Gross Rental Yield Percent	3.52%	4.03%

Demographics (Median Values)*

Total Population 40510

Weekly Household Income 1239

Household Size 2.30

Average Age 33

Monthly Loan Repayment 1900

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

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