City of Wollongong Economic Insight Report - December 2019

 KEY INSIGHTS  

  • Building approvals for new residential dwellings rose by 68 in the December 2019 quarter from that experienced in the September quarter. The figure of 361 approvals was higher by 9 than that achieved in the same quarter the year before.

  • The median dwelling price in City of Wollongong increased by $10,000 in the September quarter* to $650,000. This increase was in line with a rise in the Regional NSW median price experienced during the same period.

  • The median dwelling price was $23,000 lower than the year before.

*Sales data is significantly lagged in terms of reporting.

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