Suburb Profile Report for North Wollongong NSW (2500)

North Wollongong Unit: Median price $473,500, Annual capital growth 7.19%, Number of sales 56, Weekly median advertised rent $380

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

Source: CoreLogic

  • Unit Report

If you compare the increase in value of investment property in North Wollongong, 2500 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 19.72%.

While North Wollongong,2500 ranked number 288th in NSW for increase in median house value (annualised) increase, it is ranked 345th over the last 5 years.

Property investors looking for a bargain in North Wollongong should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.

At number 228 in a list of fastest selling suburbs, North Wollongong is in the TOP 20% of suburbs in Australia with an average of days on market 48.43 for properties listed there.

Situated 60.98km from the CBD, North Wollongong is one of Wollongong localities in the postcode 2500.

HOUSE UNIT
N/A $473,500
N/A 0.32%
N/A 19.72%
N/A 7.19%
N/A $380
N/A 56
N/A 4.17%
N/A 48.43

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 2272
Median household income ($/weekly) 1028
Median age of persons 25
Median housing loan repayment ($/monthly) 1970
Average household size 2
  • Census Count Percent(%)
    15-19 years 326 14.3
    20-24 years 629 27.7
    25-34 years 491 21.6
    35-44 years 176 7.7
    45-54 years 178 7.8
    Others 472 20.8
    Age Group
    Census Count Percent(%)
    Not Married 857 62.6
    Registered Married 348 25.4
    Defacto Relationship 165 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1481 69.5
    Croatia 93 4.4
    Indonesia 34 1.6
    United Kingdom 87 4.1
    Other 146 6.9
    Others 289 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 66 3.2
    Christianity 1148 56.2
    Hinduism 32 1.6
    Islam 73 3.6
    No Religion 706 34.6
    Others 18 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 9.4
    $400-$599 66 9.4
    $600-$799 65 9.2
    $800-$999 65 9.2
    $1,500-$1,999 90 12.8
    Others 353 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 764 37.7
    Employed, worked full-time 563 27.7
    Employed, worked part-time 447 22.0
    Unemployed, looking for work 175 8.6
    Employed, away from work 80 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 108 9.9
    Professionals 350 32.0
    Technicians & trades workers 111 10.2
    Community & personal service workers 186 17.0
    Sales 113 10.3
    Others 225 20.6
    Occupation
    Census Count Percent(%)
    Pre-school 16 1.5
    Infants/Primary 49 4.6
    Secondary 41 3.8
    Technical or Further Educational Institution 58 5.4
    University or other Tertiary Institutions 897 83.5
    Others 13 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 975 63.9
    Separate house 465 30.5
    Semi-detached, row or terrace house, townhouse 81 5.3
    House or flat attached to a shop, office 6 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 466 62.1
    Fully owned 146 19.4
    Being purchased 136 18.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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