Suburb Profile Report for Wollongbar NSW (2477)

Wollongbar House: Median price $540,000, Annual capital growth 3.83%, Number of sales 63, Weekly median advertised rent $445

Wollongbar Unit: Median price $350,000, Annual capital growth 2.90%, Number of sales 15, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Wollongbar have tracked just higher than the NSW average of 10.13% over the last 12 months.

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 investors looking for a bargain in Wollongbar should be aiming for at least -3.81% off the asking price, which is the average vendor discount being achieved at the moment.

A $445 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 3.83%.

At number 1218th in the list of Australian suburbs ordered by increase in median house value over the last year, Wollongbar, 2477 is in the BOTTOM 30% with a property value increase of -1.27% recorded in median house prices.

At number 364th 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.

At number 1088 in a list of fastest selling suburbs, Wollongbar is in the bottom 30% of suburbs in Australia with an average of days on market 97 for properties listed there.

Situated 517.81km from the CBD, Wollongbar is one of Ballina localities in the postcode 2477.

Metrics i HOUSE UNIT
$540,000 $350,000
4.85% N/A
17.39% -1.27%
3.83% 2.90%
$445 $300
63 15
4.29% 4.46%
82.09 97

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (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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Recent sales & rentals