“It’s not about timing the market, it’s about time in the market” – Keith Banks.
A newly released report has revealed the University of Wollongong has a steady growth rising 6% in the last three years, this is a large contribution to the Illawarra’s rental market. The median rental price for houses in Keiraville is $650pw with an annual rental yield of 3.2% and units rent for $380 PW with a rental yield of 3.8%. In the past five years, Keiraville has seen a compound growth rate of 3.2% for houses and 0.2% for units.
A region with the beautiful Botanic Garden, multiple University campuses, Southern Hemisphere’s largest Buddhist Temple, a local airport, cycle ways, waterfalls and bush tracks. Take in a show or a sports game just moments from world-class surf breaks or sail on Lake Illawarra.
So whether you are overseas or based in Australia, you'll want to make the most out of your real estate investment. You may have plans to purchase an investment property, or already own a home or apartment to rent out to tenants. Is the Illawarra the right area for you? Either way, LJ Hooker Property Managers can help you maximise your returns – ready to solve every possible circumstance on your behalf.
Click here to organise a Rental Market Update