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Gerringong
AREA REPORTS

Gerringong

Gerringong - SUBURB PROFILE REPORT
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 $1,220,000.

The upward trend in home prices in GERRINGONG, 2534 averaged 11.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $580 mark, reflecting a 2.47% increase in returns based on the current median price in GERRINGONG.

An average of 8.08 real estate transactions take place per month in GERRINGONG which translates to 97 per annum.

97 properties were sold in GERRINGONG in 2016, making it the 7th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 207th in Australia based on median property value growth during the quarter.

Data report can be found below

Gerringong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,220,000 $710,000
GROWTH REPORT
Median Quarterly 10.91% 0.71%
Median 12 month 37.08% 10.16%
Median 3 years 34.81% N/A
Median 5 years 68.98% 29.33%
10 years average annual 9.89% 8.03%
Weekly media advert. rent $580 $550
Time on Market 27.9 days 62.3 days
Gross Rental Yield Percent 2.47% 4.03%
demographics (median values)*
Total Population
5709
Weekly Household Income
1514
Household Size
2.60
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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