Suburb Profile Report for Wollongbar NSW (2477)

Wollongbar House: Median price $490,000, Annual capital growth 2.43%, Number of sales 61, Weekly median advertised rent $420

Wollongbar Unit: Median price $349,000, Annual capital growth 3.63%, Number of sales 21, Weekly median advertised rent $313

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

Source: CoreLogic

  • House Report
  • Unit Report

Wollongbar has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.38% to date .

If we look at median property appreciation over just the last three months, Wollongbar has given property investors a paper return of 0.10%. This puts Suburb as 1023 on a list of fastest fasting appreciating suburbs in NSW

Wollongbar, 2477 is offering NSW ‘s 895th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

In the last year 61 properties changed hands in Wollongbar, which puts it as the 542th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $420 mark per week – giving a return of 4.46% based on the median price in Suburb

Wollongbar, 2477 ranked 386th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongbar is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Wollongbar comes in at number 459th in NSW.

The most recent median price for Wollongbar is $349000, with sellers offering an average of -3.32% off the asking price.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

A $312.5 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 3.63%.

Metrics i HOUSE UNIT
$490,000 $349,000
0.10% N/A
5.38% 1.60%
2.43% 3.63%
$420 $313
61 21
4.46% 4.66%
87.7 80.4

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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