Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $756,000, Annual capital growth 6.48%, Number of sales 69, Weekly median advertised rent $500

Wollongong Unit: Median price $495,000, Annual capital growth 4.55%, Number of sales 469, Weekly median advertised rent $400

  • 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 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 14.98%.

When looking at the potential capital gains offered to property investors over the last 3 years, Wollongong comes in at number 288th in NSW.

Sellers are offering property buyers an average discount of -3.54% to buyers in Wollongong at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Wollongong the average time real estate has been on the market is 44.92 days.

With the median price for a house in Wollongong being $756000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.44%

Wollongong is an average performer in NSW when comparing median price capital growth over the last year. Wollongong gave property investors a good capital gain figure when compared to the rest of the state, with 8.79%.

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

Our latest figures would indicate that property sellers in Wollongong are currently offering property investors an average price cut of -3.44% below the asking price at the moment.

At number 148 in a list of fastest selling suburbs, Wollongong is in the TOP 10% of suburbs in Australia with an average of days on market 44.29 for properties listed there.

Advertised rents are around the $400 mark per week – giving a return of 4.20% based on the median price in Suburb

HOUSE UNIT
$756,000 $495,000
9.17% 5.32%
14.98% 8.79%
6.48% 4.55%
$500 $400
69 469
3.44% 4.20%
44.92 44.29

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 16716
Median household income ($/weekly) 966
Median age of persons 32
Median housing loan repayment ($/monthly) 1800
Average household size 2
  • Census Count Percent(%)
    20-24 years 2823 16.9
    25-34 years 3626 21.7
    35-44 years 1868 11.2
    45-54 years 1667 10.0
    55-64 years 1683 10.1
    Others 5050 30.2
    Age Group
    Census Count Percent(%)
    Not Married 7349 56.1
    Registered Married 4408 33.6
    Defacto Relationship 1350 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9729 63.4
    Croatia 1103 7.2
    Germany 329 2.1
    United Kingdom 667 4.3
    Other 1195 7.8
    Others 2321 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 512 3.4
    Christianity 9195 61.8
    Hinduism 196 1.3
    Islam 780 5.2
    No Religion 4078 27.4
    Others 111 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 703 10.5
    $600-$799 684 10.2
    $800-$999 607 9.1
    $1,000-$1,249 603 9.0
    $1,500-$1,999 762 11.4
    Others 3327 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5677 41.1
    Employed, worked full-time 4474 32.4
    Employed, worked part-time 2405 17.4
    Unemployed, looking for work 780 5.6
    Employed, away from work 482 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 808 11.0
    Professionals 2145 29.1
    Technicians & trades workers 830 11.3
    Community & personal service workers 909 12.4
    Clerical & administrative workers 993 13.5
    Others 1675 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 154 3.4
    Infants/Primary 598 13.1
    Secondary 482 10.5
    Technical or Further Educational Institution 490 10.7
    University or other Tertiary Institutions 2724 59.5
    Others 133 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 9278 61.8
    Separate house 3922 26.1
    Semi-detached, row or terrace house, townhouse 1726 11.5
    House or flat attached to a shop, office 95 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4134 57.9
    Fully owned 1659 23.2
    Being purchased 1262 17.7
    Other tenure type 87 1.2
    Tenure Type
Census 2011, ABS
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