Suburb Profile Report for Coniston NSW (2500)

Coniston House: Median price $679,000, Annual capital growth 6.78%, Number of sales 12, Weekly median advertised rent $450

Coniston Unit: Median price $427,500, Annual capital growth 9.16%, Number of sales 34, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Coniston, 2500 ranked 124th in NSW when comparing growth in median property values or capital gain over the last 12 months. Coniston is one of 3163 in our list for NSW

Over the longer term, Coniston has seen property prices show investors a 53.45% return over the last 3 years. This is worse than over the last 12 months

In the last year 12 properties changed hands in Coniston, which puts it as the 1370th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.78%, investors should hope to achieve an overall return of 3.45%

At number 933th in the list of Australian suburbs ordered by increase in median house value over the last year, Coniston, 2500 is in the BOTTOM 50% with a property value increase of 1.79% recorded in median house prices.

Comparing Coniston,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Coniston is $427500, with sellers offering an average of -4.11% off the asking price.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 9.16%.

YIP MAG Information supplied by:

YIP MAG
May 2016

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Just a stone’s throw from the Wollongong CBD, Coniston is home to a unit market that is showing some strong signs of life.Full summary Just a stone’s throw from the Wollongong CBD, Coniston is home to a unit market that is showing some strong signs of life.

The median price of a unit in the suburb has increased 53% in the past five years but still remains relatively affordable at $372,500.

The strong growth seems to have been noticed by buyers, with units spending just 21 days on the market.

Likely helping Consiton’s recent strong performance is the fact that it is only a short walk from the Wollongong CDB and is also serviced by the Wollongong and Coniston train stations.

Wollongong Hospital is also in walking distance, as well as a number of beaches.

The Princes Highway offers easy road access to Wollongong’s northern suburbs as well as the south coast.

Units in Coniston are also providing solid rental returns, with yields of around 5%.Close
Metrics i HOUSE UNIT
$679,000 $427,500
11.68% 15.54%
22.34% 1.79%
6.78% 9.16%
$450 $370
12 34
3.45% 4.50%
N/A 19.84

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 2179
Median household income ($/weekly) 985
Median age of persons 38
Median housing loan repayment ($/monthly) 1534
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 241 11.0
    25-34 years 332 15.2
    35-44 years 302 13.8
    45-54 years 279 12.8
    55-64 years 221 10.1
    Others 806 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 734 45.7
    Not Married 722 44.9
    Defacto Relationship 151 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1332 64.6
    Egypt 70 3.4
    Germany 175 8.5
    United Kingdom 73 3.5
    Other 93 4.5
    Others 318 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 2.0
    Christianity 1500 74.9
    Islam 62 3.1
    Other Religious Groups 18 0.9
    No Religion 374 18.7
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 14.1
    $600-$799 87 11.6
    $800-$999 69 9.2
    $1,000-$1,249 74 9.9
    $1,500-$1,999 78 10.4
    Others 336 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 738 42.9
    Employed, worked full-time 539 31.3
    Employed, worked part-time 276 16.0
    Unemployed, looking for work 103 6.0
    Employed, away from work 65 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 198 22.4
    Technicians & trades workers 106 12.0
    Community & personal service workers 104 11.8
    Clerical & administrative workers 146 16.5
    Labourers 109 12.3
    Others 220 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.6
    Infants/Primary 156 30.4
    Secondary 103 20.1
    Technical or Further Educational Institution 72 14.0
    University or other Tertiary Institutions 125 24.4
    Others 23 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1299 64.5
    Semi-detached, row or terrace house, townhouse 386 19.2
    Flat, unit or apartment 315 15.6
    House or flat attached to a shop, office 14 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 302 37.8
    Fully owned 292 36.5
    Being purchased 200 25.0
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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