AREA REPORTS

Gerringong

Suburb Profile

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

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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 $905,000.

The upward trend in home prices in GERRINGONG, 2534 averaged 14.93% per annum over a 3-year period.

Average weekly rents on listings have reached the $560 mark, reflecting a 3.22% increase in returns based on the current median price in GERRINGONG.

An average of 4.08 real estate transactions take place per month in GERRINGONG which translates to 49 per annum.

49 properties were sold in GERRINGONG in 2016, making it the 386th most active market in NSW based on total real estate transactions.

GERRINGONG, 2534 places 565th 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 $905,000 N/A
GROWTH REPORT
Median Quarterly 0.56% N/A
Median 12 month 5.85% N/A
Median 3 years 44.8% N/A
Median 5 years 70.75% N/A
10 years average annual 6.85% N/A
Weekly media advert. rent $560 N/A
Time on Market 65.5 days N/A
Gross Rental Yield Percent 3.22% N/A
demographics (median values)
Total Population
3395
Weekly Household Income
1076
Household Size
2.70
demographics
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