Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au
Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

Wollongong, NSW’s third-largest city (postcode 2500), was among the top searched suburbs in 2015 on rent.com.au, with median rental for advertised properties in the last 30 days at $400 per week.

The rental was $10 lower than the previous quarter, says the report.

The lowest rent in the last 30 days was $200 for a one-bedroom dwelling, while the highest was $700 for a four-bedroom one.

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Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

Though the median rent fell, the average days on the market in the last 90 days at 23 improved by nine days over the previous quarter.

This was also a day less than the surrounding suburbs of Coniston, Gwynneville, Mangerton, North Wollongong, Port Kembla and West Wollongong. However, Wollongong’s neighbourhood is cheaper, with the median rent in the last 30 days being $365, the report shows.

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Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

 

 

The trend in Wollongong for the last six months (see graph) also shows that the median rental per week for houses climbed from $400 in August ’15 to $550 in December before dropping sharply to $430 in January. For apartments, it fluctuated little with gradual rises or falls.

The number of rental properties advertised in the last 30 days was 125, up 35 from the previous 30 days.

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Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

Wollongong has a total of 4,090 rental properties, making up 56% of all properties in the city, according to ABS 2011 data. 

The city’s property composition shows 69.2 percent apartments and 30.8 houses.

Property Observer found these two recent dwellings advertised on rent.com.au: 

Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

1. A refurbished two-bedroom apartment at 5/35-37 Corrimal Street (above) is up for rent at $380 per week. 

2. A fully furnished two-bedroom apartment at 21-23 Bligh Street (below) can be rented for $430 per week.

Wollongong captures rental attention on Australia's most searched suburbs: rent.com.au

The ASX-listed Rent.com.au Ltd achieved a record 615,405 unique visitors to its website in January, followed by more than 610,000 unique visitors in February.

Landlords are able to list their property for free in a limited time offer on rent.com.au

 

Tags: 
Wollongong Rental market

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