Dapto Property Factsheet 1st Half 2017
The Dapto property market has performed exceptionally well due to the continuing implementation of a masterplan for the West Dapto area, resulting in land releases being snapped up very quickly.
The Dapto property market has performed exceptionally well due to the continuing implementation of a masterplan for the West Dapto area, resulting in land releases being snapped up very quickly.
The current median house price is at $572,500 and $480,000 for units, with annual growth figures of 10.7% and 2.7% respectively. Dapto’s median price sits below Wollongong City council’s median ($739,000 and $535,500 respectively), which indicates Dapto’s affordability for owner-occupiers and investors. This demonstrates that the affordable entry point does not compromise positive capital growth, further increasing the desirability of the Dapto area.
Incoming developments for the 1st half of 2017 total an estimated value of $73.1M. The three main residential developments, which make up 34.3% or $25.1M of the total estimated value aim to increase housing stock to meet the market demand that will be driven by the economic growth of the West Dapto masterplan in the coming years.
