NSW/
Gerringong

Suburb Profile

Gerringong - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2534

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GERRINGONG, 2534 ranks 1368th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.16% for property investors.

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 $899,500.

The upward trend in home prices in GERRINGONG, 2534 averaged 16.64% per annum over a 3-year period.

Average weekly rents on listings have reached the $570 mark, reflecting a 3.3% increase in returns based on the current median price in GERRINGONG.

An average of 4.75 real estate transactions take place per month in GERRINGONG which translates to 57 per annum.

57 properties were sold in GERRINGONG in 2016, making it the 290th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 244th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $899,500 $629,625
GROWTH REPORT
Median Quarterly 3.99% -5.19%
Median 12 month 9.16% 14.69%
Median 3 years 49.92% 36.14%
Median 5 years 70.76% 63.54%
10 years average annual 6.73% 8.55%
Weekly media advert. rent $570 $435
Time on Market 58.7 days 0.0 days
Gross Rental Yield Percent 3.3% 3.59%
demographics (median values)
Total Population
3395
Weekly Household Income
1076
Household Size
2.70
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Gerringong, NSW
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