Suburb Profile Report for West Wollongong NSW (2500)

West Wollongong House: Median price $633,500, Annual capital growth 5.90%, Number of sales 50, Weekly median advertised rent $490

West Wollongong Unit: Median price $440,000, Annual capital growth 9.86%, Number of sales 35, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in West Wollongong, 2500 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.14%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Wollongong has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Wollongong, 2500. Typically our figures indicate that -3.26% is being offered, which puts this NSW suburb at 3494th most discounted overall in Australia.

Often selling an investment property can take time, and in West Wollongong the average time real estate has been on the market is 38.31 days.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.90%, investors should hope to achieve an overall return of 4.02%

With a capital gain of 20.55% for the last 12 months, West Wollongong, 2500 has performed for property investments than its average annual 9.86% property growth over the last 5 years.

The five-year average increase in median property values for West Wollongong,2500 has given property investors a potential capital gain of 35.38% across each of those five years.

West Wollongong2500 is located in NSW which offers an average discount of -4.45% to property investors. West Wollongong itself is showing figures that indicate -2.91% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

HOUSE UNIT
$633,500 $440,000
2.18% 2.92%
11.14% 20.55%
5.90% 9.86%
$490 $360
50 35
4.02% 4.25%
38.31 31

Source: CoreLogic

DSR Score for property investment : Good (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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