Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.05% growth over a ten-year period. It ranks 569th on our list of suburbs that property investors should look into.
WOONONA, 2517 has a capital gain of -0.57% for the past year, which is lower than average compared to its 37.88% growth within a five-year period.
With the median home price in WOONONA sitting at $870,000, and the average rent at $600, property owners could potentially earn a 3.59% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WOONONA are low, as opposed to average gains per annum over the past five years.
WOONONA, 2517 in NSW belongs to the local government area of Wollongong (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $870,000 | $620,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.57% | -0.8% |
| Median 12 month | -0.57% | -8.79% |
| Median 3 years | 8.07% | 12.73% |
| Median 5 years | 37.88% | 42.53% |
| 10 years average annual | 7.05% | 7.88% |
| Weekly media advert. rent | $600 | $450 |
| Time on Market | 66.1 days | 87.4 days |
| Gross Rental Yield Percent | 3.59% | 3.77% |
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
As strata communities deal with a double dose of the coronavirus (COVID-19) pandemic impact, how can investors make sure to stay afloat in t...
Amid uncertainties brought about by the ongoing health crisis, rental property owners are advised to be more cautious to avoid significant l...
Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth. ...
States and territories will be placing a moratorium on evictions of persons as a result of financial distress very soon, but yesterday’s a...
La Trobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment condition...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
