Suburb Profile Report for Wollongbar NSW (2477)

Wollongbar House: Median price $540,000, Annual capital growth 3.67%, Number of sales 63, Weekly median advertised rent $440

Wollongbar Unit: Median price $359,050, Annual capital growth 2.66%, Number of sales 18, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Wollongbar, 2477 is in the top 20% with a property value increase of 17.90% recorded in median house prices.

Wollongbar,2477 was ranked 1682 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Wollongbar is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 777th in terms of most discounted suburbs in NSW

Residents and property investors in Wollongbar have been waiting around 88.16 days to sell a property.

Advertised rents are around the $440 mark per week – giving a return of 4.24% based on the median price in Suburb

NSW has seen average median house prices change by 8.63% which means that Wollongbar, 2477 has done well for property investors by showing a capital gain of 5.14% over the last year

A 21.71% growth in median value for property investors in Wollongbar,2477 puts this suburb at number 199th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Wollongbar should be aiming for at least -2.69% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Wollongbar being $359050 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.63%

Metrics i HOUSE UNIT
$540,000 $359,050
1.89% 2.59%
17.90% 5.14%
3.67% 2.66%
$440 $320
63 18
4.24% 4.63%
88.16 75.1

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (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
Chart Table
Recent sales & rentals