Dapto Property Factsheet 1st Half of 2019
Dapto recorded a median house price of $630,000 in Q1 2019, representing annual (Q1 2018 – Q1 2019) growth of 0.8%. In contrast the unit market has softened during this time, by -13.3% to $490,000. Compared to the Dapto 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017-Q3 2018) median price growth of 1.6% (house) and -3.1% (units), properties in Dapto have become more affordable.
Dapto recorded a median house price of $630,000 in Q1 2019, representing annual (Q1 2018 – Q1 2019) growth of 0.8%. In contrast the unit market has softened during this time, by -13.3% to $490,000. Compared to the Dapto 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017-Q3 2018) median price growth of 1.6% (house) and -3.1% (units), properties in Dapto have become more affordable.
The City of Wollongong Local Government Area (LGA) recorded a median house price of $685,000 and median unit price of $580,000 in Q1 2019. This represented an annual (Q1 2018 – Q1 2019) price growth of -12.2% (house) and -0.5% (units). Thus, compared to the LGA properties in Dapto are more affordable, whereby houses in particular are stronger in value. There is a slowing-down in the property market in the wider LGA, making it an ideal time for first home buyers to enter the market.
Dapto rental market is flourishing, particularly the unit rental market. Median unit rent price increased by 5.0% between Q1 2018 – Q1 2019, to $420 per week. During this time the number of units rented doubled, suggesting real returns for unit investors. House investors are also benefiting, with median house rent increasing by 5.3% to $495 per week. Rental yield in Dapto was recorded at 2.9% (house) and 3.8% (units), on par with Sydney Metro. However, Dapto has a more affordable entry price to Sydney Metro, making it a profitable alternative to investors.
