Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
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Based on its average 5-year and quarterly capital gains WOMBARRA, 2515 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 WOMBARRA, 2515 obtained a 7.09% growth over a ten-year period. It ranks 540th on our list of suburbs that property investors should look into.
WOMBARRA, 2515 in NSW belongs to the local government area of Wollongong (C).
WOMBARRA, 2515 has a capital gain of -28.8% for the past year, which is lower than average compared to its 46.43% growth within a five-year period.
With the median home price in WOMBARRA sitting at $1,230,000, and the average rent at $795, property owners could potentially earn a 3.36% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WOMBARRA are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,230,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.19% | N/A |
| Median 12 month | -28.8% | N/A |
| Median 3 years | -12.14% | N/A |
| Median 5 years | 46.43% | N/A |
| 10 years average annual | 7.09% | N/A |
| Weekly media advert. rent | $795 | N/A |
| Time on Market | 93.7 days | N/A |
| Gross Rental Yield Percent | 3.36% | N/A |
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