Illawarra, South Coast property prices continue to grow at 18.8%pa : Domain report
Illawarra Mercury 20 Jul 2017:
"A growing number of people are choosing coastal towns over urban city life". That’s according to the June quarter Domain Regional State of the Market Report, released on Thursday.
Findings show the regional renaissance along the NSW coastline continues, with notable yearly price growth in Wollongong, the Shoalhaven and Shellharbour.
Wollongong’s median house price surged by 18.8 per cent year-on-year.
Wollongong house rents also increased over the past year, growing 4.2 per cent to $500 per week. The region’s median rents held steady over the June quarter.
“Wollongong has recorded yet another strong result, both quarterly and annually,” Domain chief economist Dr Andrew Wilson said.
“A growing number of people are choosing coastal towns over urban city life, a positive indication for future growth in Wollongong.”