Suburb Profile Report for West Wollongong NSW (2500)

West Wollongong House: Median price $620,000, Annual capital growth 5.77%, Number of sales 54, Weekly median advertised rent $470

West Wollongong Unit: Median price $425,000, Annual capital growth 9.59%, Number of sales 32, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.93% which means that West Wollongong, 2500 has done well for property investors by showing a capital gain of 14.29% over the last year

If we look at median property appreciation over just the last three months, West Wollongong has given property investors a paper return of -0.80%. This puts Suburb as 1011 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in West Wollongong 2500 should be seeing an average reduction in asking price of around -3.40% . This means that West Wollongong is holding prices well when compared to other suburbs in NSW.

Advertised rents are around the $470 mark per week – giving a return of 3.94% based on the median price in Suburb

Property value increases in West Wollongong have tracked higher than the NSW average of 6.92% over the last 12 months.

Across a shorter period, West Wollongong, 2500 has seen a median price increase of 4.94% over the last quarter.

The most recent median price for West Wollongong is $425000, with sellers offering an average of -2.24% off the asking price.

Situated 68.77km from the CBD, West Wollongong is one of Wollongong localities in the postcode 2500.

HOUSE UNIT
$620,000 $425,000
-0.80% 4.94%
14.29% 21.08%
5.77% 9.59%
$470 $355
54 32
3.94% 4.34%
41.18 31.37

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in West Wollongong NSW
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
Chart Table
Recent sales & rentals