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Gerringong
AREA REPORTS

Gerringong

Gerringong - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2534

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GERRINGONG, 2534 ranks 366th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.53% 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 $1,050,000.

The upward trend in home prices in GERRINGONG, 2534 averaged 5.64% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 2.72% increase in returns based on the current median price in GERRINGONG.

An average of 7.08 real estate transactions take place per month in GERRINGONG which translates to 85 per annum.

85 properties were sold in GERRINGONG in 2016, making it the 78th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 231st 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 $1,050,000 $705,000
GROWTH REPORT
Median Quarterly 7.97% 5.62%
Median 12 month 23.53% 37.43%
Median 3 years 16.93% 12.17%
Median 5 years 46.85% 29.36%
10 years average annual 7.38% 8.04%
Weekly media advert. rent $550 $525
Time on Market 38.2 days 74.8 days
Gross Rental Yield Percent 2.72% 3.87%
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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