Powered by MOMENTUM MEDIA
AREA REPORTS

West Wollongong

Suburb Profile

West Wollongong - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2500

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 0.15% capital gain.

It 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 $677,000

The augmented property values in the suburb are trailing above the territorial average of 1.05% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $510.

Home owners selling their properties and realtors in WEST WOLLONGONG usually have to wait an average of 44.1 days days before their assets are lifted off the market.

The NSW suburb ranks 478th on the list of best yielding suburbs for rental properties in NSW, posting a 3.92% return.

It also places places 708th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $677,000 $536,250
GROWTH REPORT
Median Quarterly 1.12% 2.05%
Median 12 month 1.8% 1.95%
Median 3 years 0.15% 1.18%
Median 5 years 28.95% 41.12%
10 years average annual 6.51% 10.38%
Weekly media advert. rent $510 $350
Time on Market 44.1 days 100.8 days
Gross Rental Yield Percent 3.92% 3.39%
demographics (median values)
Total Population
4140
Weekly Household Income
860.7
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Regional town remains resilient

Regional town remains resilient despite COVID-19

Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...

REIA supports NSW tax reform

REIA supports NSW tax reform

A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...

property investing

Millennials aren’t all that interested in property investing

Millennials aren’t all that interested in building a property portfolio, according to new research. ...

8 suburbs set to boom West Sydney

HomeBuilder prediction: 8 suburbs set to boom

There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...

Who lives in apartments

Who lives in apartments?

Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...

Nicole Cannon

Should you freeze your mortgage?

While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.