Suburb Profile Report for West Wollongong NSW (2500)

West Wollongong House: Median price $647,500, Annual capital growth 5.79%, Number of sales 49, Weekly median advertised rent $500

West Wollongong Unit: Median price $455,000, Annual capital growth 8.26%, 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

Giving property investors a a stable capital gain of 11.64% for the last year, West Wollongong, 2500 is the 874th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, West Wollongong,2500 has racked up an average of 11.64% over the period. This ranks it number 244th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in West Wollongong are currently offering property investors an average price cut of -3.66% below the asking price at the moment.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 5.79%, investors should hope to achieve an overall return of 4.02%

NSW has seen average median house prices change by 5.73% which means that West Wollongong, 2500 has done well for property investors by showing a capital gain of 22.97% over the last year

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.

Our latest figures would indicate that property sellers in West Wollongong are currently offering property investors an average price cut of -2.74% below the asking price at the moment.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 8.26%, investors should hope to achieve an overall return of 4.00%

Metrics i HOUSE UNIT
$647,500 $455,000
1.81% 4.60%
11.64% 22.97%
5.79% 8.26%
$500 $350
49 40
4.02% 4.00%
41.67 41.52

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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