Suburb Profile Report for Wollongbar NSW (2477)

Wollongbar House: Median price $489,500, Annual capital growth 2.90%, Number of sales 62, Weekly median advertised rent $400

Wollongbar Unit: Median price $350,000, Annual capital growth 5.72%, Number of sales 23, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Wollongbar is an average performer in NSW when comparing median price capital growth over the last year. Wollongbar gave property investors a average capital gain figure when compared to the rest of the state, with 6.41%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wollongbar has increased when compared to the 5 year average annual rate.

Property buyers and investors in Wollongbar 2477 should be seeing an average reduction in asking price of around -4.68% . This means that Wollongbar is holding prices well when compared to other suburbs in NSW.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.25%, without taking into account capital value appreciation, which has been averaging out at 2.90%.

Property value increases in Wollongbar have tracked just lower than the NSW average of 5.41% over the last 12 months.

At number 337th of NSW’s most discounted properties, Wollongbar is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 23 properties changed hands in Wollongbar, which puts it as the 424th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $325 weekly from the median priced house in this suburb.

HOUSE UNIT
$489,500 $350,000
0.10% -0.71%
6.41% 1.89%
2.90% 5.72%
$400 $325
62 23
4.25% 4.83%
87.04 82.66

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2395
Median household income ($/weekly) 1126
Median age of persons 42
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 358 15.0
    35-44 years 351 14.7
    45-54 years 358 15.0
    55-64 years 353 14.7
    65-74 years 220 9.2
    Others 754 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 964 55.9
    Not Married 610 35.4
    Defacto Relationship 151 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2033 91.1
    Papua New Guinea 18 0.8
    South Africa 17 0.8
    United Kingdom 83 3.7
    Other 18 0.8
    Others 63 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1660 77.0
    No Religion 471 21.8
    Buddhism 14 0.6
    Hinduism 6 0.3
    Other Religious Groups 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 97 12.3
    $600-$799 105 13.3
    $1,000-$1,249 86 10.9
    $1,250-$1,499 82 10.4
    $1,500-$1,999 110 14.0
    Others 308 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 644 35.9
    Employed, worked full-time 598 33.4
    Employed, worked part-time 428 23.9
    Employed, away from work 68 3.8
    Unemployed, looking for work 54 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 128 11.7
    Professionals 244 22.3
    Technicians & trades workers 145 13.3
    Clerical & administrative workers 157 14.4
    Sales 136 12.5
    Others 282 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 48 8.4
    Infants/Primary 213 37.2
    Secondary 184 32.2
    Technical or Further Educational Institution 59 10.3
    University or other Tertiary Institutions 56 9.8
    Others 12 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2035 91.6
    Semi-detached, row or terrace house, townhouse 95 4.3
    Flat, unit or apartment 86 3.9
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 336 39.0
    Being purchased 325 37.7
    Rented 197 22.9
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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