Market Update

In the latest Real Estate Report from the Illawarra Regional Information Service (IRIS), the building sector is continuing to show considerable growth. Dwelling approvals for the year to June 2014 increased by 36%.

For the year to June 2014, figures for the Wollongong Local Government Area (LGA) have revealed that median housing prices climbed by 6.7% to $475,000, and that property prices for flats/units continued to surge, lifting by 10.1% to $380,000.

The tables on the right show the latest results compiled by IRIS for housing prices and medium density (flats/units) prices for the Illawarra area.
If you would like to discuss selling your property, or you would like an update on your own property value for selling or leasing purposes, we would love to hear from you. Give us a call on 02 4228 2555 or send us an email to sales@arre.com.au.

 

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