Suburb Profile Report for West Wollongong NSW (2500)

West Wollongong House: Median price $672,000, Annual capital growth 6.21%, Number of sales 49, Weekly median advertised rent $520

West Wollongong Unit: Median price $501,500, Annual capital growth 10.28%, Number of sales 40, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in West Wollongong, 2500 have given investors a capital gain of 13.42%. This compares favourably with the 8.26% for NSW as a whole.

West Wollongong,2500 was ranked 1055 in Australia by increase in median property value over the quarter.

West Wollongong2500 is located in NSW which offers an average discount of -5.49% to property investors. West Wollongong itself is showing figures that indicate -3.85% is the average achievable by property buyers investing in the suburb.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 6.21%.

Investment property in West Wollongong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.48%

Across a shorter period, West Wollongong, 2500 has seen a median price increase of 13.98% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that West Wollongong is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 361th in terms of most discounted suburbs in NSW

Residents and property investors in West Wollongong have been waiting around 42.5 days to sell a property.

Situated 60.41km from the CBD, West Wollongong is one of Wollongong localities in the postcode 2500.

Metrics i HOUSE UNIT
$672,000 $501,500
3.78% 13.98%
13.42% 25.48%
6.21% 10.28%
$520 $350
49 40
4.02% 3.63%
32.76 42.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4447
Median household income ($/weekly) 1068
Median age of persons 35
Median housing loan repayment ($/monthly) 1928
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 568 12.8
    25-34 years 644 14.5
    35-44 years 617 13.9
    45-54 years 552 12.4
    55-64 years 437 9.8
    Others 1630 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 1608 49.1
    Not Married 1421 43.4
    Defacto Relationship 246 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3132 74.8
    Croatia 109 2.6
    Egypt 52 1.2
    United Kingdom 195 4.7
    Other 226 5.4
    Others 474 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 1.7
    Christianity 3013 73.8
    Hinduism 34 0.8
    Islam 109 2.7
    No Religion 838 20.5
    Others 19 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 183 11.7
    $600-$799 161 10.3
    $1,000-$1,249 143 9.1
    $1,500-$1,999 179 11.5
    $2,000-$2,499 153 9.8
    Others 744 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1327 39.5
    Employed, worked full-time 1166 34.7
    Employed, worked part-time 635 18.9
    Unemployed, looking for work 136 4.0
    Employed, away from work 98 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 10.5
    Professionals 519 27.4
    Technicians & trades workers 294 15.5
    Community & personal service workers 213 11.2
    Clerical & administrative workers 278 14.7
    Others 394 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 104 8.3
    Infants/Primary 385 30.8
    Secondary 214 17.1
    Technical or Further Educational Institution 137 11.0
    University or other Tertiary Institutions 380 30.4
    Others 31 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3215 76.6
    Semi-detached, row or terrace house, townhouse 582 13.9
    Flat, unit or apartment 383 9.1
    House or flat attached to a shop, office 18 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 590 35.3
    Being purchased 540 32.3
    Rented 538 32.2
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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