Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $792,000, Annual capital growth 6.97%, Number of sales 73, Weekly median advertised rent $498

Wollongong Unit: Median price $525,000, Annual capital growth 5.13%, Number of sales 475, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in 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 17.03%

Wollongong,2500 has offered an average of 17.03% return per annum in house price rises to property investors over the last three years.

Wollongong2500 is located in NSW which offers an average discount of -5.49% to property investors. Wollongong itself is showing figures that indicate -2.42% is the average achievable by property buyers investing in the suburb.

A $497.5 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 6.97%.

With a capital gain of 14.38% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 5.13% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Wollongong comes in at number 309th in NSW.

Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -3.61% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Wollongong have been waiting around 47.77 days to sell a property.

Situated 55.54km from the CBD, Wollongong is one of Wollongong localities in the postcode 2500.

Metrics i HOUSE UNIT
$792,000 $525,000
0.00% 2.94%
17.03% 14.38%
6.97% 5.13%
$498 $415
73 475
3.27% 4.11%
59.03 47.77

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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