Suburb Profile Report for Wollongbar NSW (2477)

Wollongbar House: Median price $520,000, Annual capital growth 3.06%, Number of sales 60, Weekly median advertised rent $430

Wollongbar Unit: Median price $350,000, Annual capital growth 4.63%, Number of sales 16, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Wollongbar has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.83% to date .

Taking the average capital gain, or increase in median house value, Wollongbar,2477 has racked up an average of 11.83% over the period. This ranks it number 1395th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Wollongbar 2477 should be seeing an average reduction in asking price of around -3.89% . This means that Wollongbar is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Wollongbar the average time real estate has been on the market is 90.76 days.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

Property investors who have had real estate in Wollongbar, 2477 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.27%

Our latest figures would indicate that property sellers in Wollongbar are currently offering property investors an average price cut of -2.80% below the asking price at the moment.

With the median price for a house in Wollongbar being $350000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.46%

Metrics i HOUSE UNIT
$520,000 $350,000
4.00% N/A
11.83% -1.27%
3.06% 4.63%
$430 $300
60 16
4.30% 4.46%
90.76 104.18

Source: CoreLogic

DSR Score for property investment : Above average (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