Average price trends
890,000
Feb
850,000
Mar
907,750
Apr
What are the property taxes in Wollongong and are there any other ongoing costs I should consider?
Property taxes in Wollongong typically include Council rates, starting at around $ 800 AUD to $ 2,500 AUD annually, depending on the property value and location. Other ongoing costs to consider are water service charges, approximately $ 900 AUD yearly, and land tax if you own more than one property, which varies based on land value. For accuracy, visit revenue.nsw.gov.au for specifics.
What types of upfront costs and fees will I have to pay when purchasing a property in Wollongong?
When purchasing a property in Wollongong, NSW, expect upfront costs such as the deposit (usually 10% of the purchase price), stamp duty, legal fees, building inspection fees, and loan application fees. The sum varies greatly depending on the property's price and your specific circumstances. Use an online calculator for precise figures on stamp duty and other fees.
How does the Wollongong property market compare to ther regions in the Australia?
As of September 2023, the median house price in Wollongong is approximately $ 980,000 AUD, contrasting with Sydney's higher median of around $1,410,000 AUD and Adelaide's more affordable $ 660,000 AUD. Wollongong offers a balance between urban living and beachside tranquility, making it a favorable choice for those seeking lifestyle with a relatively moderate property cost.
How competitive is the Wollongong property market?
The property market in Wollongong, New South Wales, Australia is highly competitive due to its scenic coastal living. As of March 2023, the median house price in Wollongong reached $1,120,000 AUD, reflecting a thriving market driven by demand outstripping supply. Increased interest from Sydney buyers seeking more affordable options adds to this competition.
