City of Wollongong Economic Insight Report - December 2019
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.