SOUTH COAST HOUSING PRICES ON THE RISE
The Illawarra Mercury , 8/3/2018, reports that the South Coast housing market has defied Sydney’s falling trend in housing values.
It quotes new data from Domain’s June Quarter 2018 House Price Report which indicates that house and unit prices on the South Coast are continuing to rise, despite predictions the market would drop.
The reports states that in the past year, median house prices in Kiama have jumped almost 15 per cent from $830,000 to $953,000.
Prices have continued to rise in the Shoalhaven also, with a median price increase of 8.6 per cent in the past year to June.
Prices in the Eurobodalla Shire are also increasing, with an 11.6 per cent price jump in the past 12 months.
The strength of the property market in the Illawarra underlines its strong potential for future growth.
It is an attractive area for investment which has the following advantages.
It is the closest regional city to Sydney
The international Port of Port Kembla
The high quality of living, affordability and the capacity for strong population growth.
The University of Wollongong which is currently ranked in the top 2% of universities worldwide
The South Coast is one of NSW’s most popular tourist destinations, with the region receiving 18% of visitors to regional NSW
Whether you are looking for an investment property or a family home the natural beauty of the region and excellent transport connectivity to Sydney means that the value of properties are likely to steadily increase.
For competitive finance options in the Illawarra speak to the team at PCL Money and Illawarra Home Loans – the region’s most experienced Finance Brokers. They are locally owned and independent which means that they are not beholden to any one financial institution or bank and are able to shop around for the best financial deals on offer.
PCL Money has been servicing the business and residential needs of the Illawarra since 1987 and their goal is to provide exceptional customer service coupled with an in-depth knowledge of available financial products.