AREA REPORTS

Gerringong

 

 

NSW/
Gerringong

Suburb Profile

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

house

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 $930,000.

The upward trend in home prices in GERRINGONG, 2534 averaged 14.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $580 mark, reflecting a 3.24% increase in returns based on the current median price in GERRINGONG.

An average of 5.75 real estate transactions take place per month in GERRINGONG which translates to 69 per annum.

69 properties were sold in GERRINGONG in 2016, making it the 186th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 246th 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 $930,000 N/A
GROWTH REPORT
Median Quarterly 2.76% N/A
Median 12 month 6.9% N/A
Median 3 years 44.19% N/A
Median 5 years 68.48% N/A
10 years average annual 8.02% N/A
Weekly media advert. rent $580 N/A
Time on Market 51.5 days N/A
Gross Rental Yield Percent 3.24% N/A
demographics (median values)
Total Population
3395
Weekly Household Income
1076
Household Size
2.70
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Gladys Berejiklian

What the NSW election result means for property investors

NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW?  ...

Suburbs

How the nation's capitals performed last week

Home values continued to ease across the majority of Australian capital cities last week, except for one which managed to hold steady. ...

Two Rock, WA

$100bn of investment set for seaside region

Updated figures from the WA state government has revealed that there are over $100 billion-worth of upcoming projects for the state, and one...

Cladding

Crucial cladding compliance deadline approaching

Property owners in Queensland have up until the end of the working week to make sure they comply with combustible cladding regulations. ...

Simon Pressley

The many positives of Australia’s property market

In this episode of the Smart Property Investment Show, host Phil Tarrant talks with Simon Pressley, head of research at Propertyology, about...

Bill Shorten

What Labor’s negative gearing and capital gains tax means for investors

Labor’s negative gearing and capital gains tax policy changes could have significant impacts for property investors, according to a tax e...