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The suburb’s capital gain of 20.75% for the past year is higher than average compared to its 56.1% growth within a five-year period.
Also in STANWELL PARK, the median home price is sitting at $1,600,000, and the average rent at $1200, this suggests property owners could potentially earn a 3.9% increase in gross rental yield.
Property investors have seen a 0.16% gain in STANWELL PARK based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on STANWELL PARK, 2508 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 20.75%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.64% growth over a ten-year period. It ranks 289th on our list of suburbs that property investors should look into.
Stanwell Park, located in the suburb of Wollongong, is a seaside neighbourhood and one of the country’s most prestigious postcode. It lies north of the Illawarra coast and on the foot of Sydney’s Royal National Park, straddling a valley between Mount Mitchell and Bald Hill. It’s approximately an hour away from Sydney via train and private vehicle.
Things to do in Stanwell Park
Stanwell Park’s beach provides a great venue for a variety of water sports, while its northern and southern ends are known fishing destinations. The surrounding lookouts offer a magnificent view of the South Pacific Ocean, and are often used as a take-off point for tandem hang gliding. State parks are also close by for camping enthusiasts.
Stanwell Park’s place in history is due to its role in aviation, having been the site of where the first box kite was flown in Australia. The box kite was invented by a Stanwell Park resident Lawrence Hargrave, touted as the “first successful aeronautical inventor”. Today, this legacy is celebrated by proud locals through the annual “Festival of Flight”.
The average home prices in Stanley Park have significantly risen in the past three years as plenty of buyers, mostly from Sydney, develop an affinity for Wollongong’s outdoor lifestyle. Monied investors prize properties for sale in Stanwell Park for its relative affordability, compared with other localities near the sands and surf.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.75%||N/A|
|Median 3 years||10.34%||N/A|
|Median 5 years||56.1%||N/A|
|10 years average annual||8.64%||N/A|
|Weekly media advert. rent||$1200||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.9%||N/A|