Gerringong

POSTAL CODE: NSW, 2534

HOUSE

UNIT

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

The suburb 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 $1,450,000.

The downward trend in home prices in GERRINGONG, 2534 averaged -1.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.87% increase in returns based on the current median price in GERRINGONG.

An average of 6 real estate transactions take place per month in GERRINGONG which translates to 72 per annum.

72 properties were sold in GERRINGONG in 2016, making it the 165th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 972nd in Australia based on median property value growth during the quarter.

The suburb 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 $900,000.

Investors saw the median home price rise to $900,000.

The downward trend in home prices in GERRINGONG, 2534 averaged -7.69% per annum over a 3-year period.

GERRINGONG now ranks at the 414th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $655 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In GERRINGONG, homes and units usually stay on listing for an average of 153.8 days.

15 properties were sold in GERRINGONG in 2016, making it the 487th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,450,000	$900,000
Growth Report
Median Quarterly	-0.17%	-0.55%
Median 12 month	-6.45%	-15.49%
Median 3 years	-4.29%	-23.08%
Median 5 years	47.21%	35.34%
10 years average annual	9.33%	18.57%
Weekly media advert. rent	$800	$655
Time on Market	85.8 days	153.8 days
Gross Rental Yield Percent	2.87%	3.78%

Demographics (Median Values)*

Total Population 5709

Weekly Household Income 1514

Household Size 2.60

Average Age 46

Monthly Loan Repayment 2158

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

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