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AREA REPORTS

Gerringong

Suburb Profile

Gerringong - FREE 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 $882,500.

The upward trend in home prices in GERRINGONG, 2534 averaged 7.24% per annum over a 3-year period.

Average weekly rents on listings have reached the $565 mark, reflecting a 3.33% increase in returns based on the current median price in GERRINGONG.

An average of 4.58 real estate transactions take place per month in GERRINGONG which translates to 55 per annum.

55 properties were sold in GERRINGONG in 2016, making it the 301st most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 926th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $882,500 $624,500
GROWTH REPORT
Median Quarterly -4.08% N/A
Median 12 month -2.49% N/A
Median 3 years 21.72% N/A
Median 5 years 57.31% 32.31%
10 years average annual 7.96% 6.57%
Weekly media advert. rent $565 $475
Time on Market 99.1 days 0.0 days
Gross Rental Yield Percent 3.33% 3.96%
demographics (median values)
Total Population
3395
Weekly Household Income
1076
Household Size
2.70
demographics
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