Suburb Profile Report for Cringila NSW (2502)

Cringila House: Median price $395,000, Annual capital growth 7.28%, Number of sales 33, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Expert Report

Cringila is in the TOP 30% in NSW when comparing median price capital growth over the last year. Cringila gave property investors a good capital gain figure when compared to the rest of the state, with 12.86%.

If we look at median property appreciation over just the last three months, Cringila has given property investors a paper return of -1.25%. This puts Suburb as 1042 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Cringila are currently offering property investors an average price cut of -5.66% below the asking price at the moment.

Cringila is 264th on a list of best yielding suburbs for rents in NSW with a 4.81% return

YIP MAG Information supplied by:

YIP MAG
July 2016

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The southern Wollongong suburb of Cringila is in the middle of an interesting period.Full summary The southern Wollongong suburb of Cringila is in the middle of an interesting period.

With an affordable median house price of $377,500, it may seem like an attractive option, especially when capital growth of 33% in the last 12 months and 55% in the last three years is taken into account.

But the suburb does face some challenges at present, most noticeably the future of the nearby BHP Steelworks plant.

The plant is one of the biggest economic contributors in the area and its future is far from assured, and any reduction in its activities would likely have a significant flow-on effect on the wider Illawarra region.

There some positives to Cringila though, as the suburb is serviced by a rail line and is also a short drive from the Wollongong CBD.

Nearby Warrawong offers shopping opportunities, while neighbouring Port Kembla has excellent beachesClose
HOUSE UNIT
$395,000 N/A
-1.25% N/A
12.86% N/A
7.28% N/A
$365 N/A
33 N/A
4.81% N/A
63.13 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 2114
Median household income ($/weekly) 831
Median age of persons 36
Median housing loan repayment ($/monthly) 1326
Average household size 3
  • Census Count Percent(%)
    5-14 years 283 13.4
    25-34 years 295 14.0
    35-44 years 282 13.3
    45-54 years 255 12.1
    55-64 years 218 10.3
    Others 781 36.9
    Age Group
    Census Count Percent(%)
    Not Married 720 47.5
    Registered Married 706 46.5
    Defacto Relationship 91 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1009 52.4
    Germany 308 16.0
    Malaysia 111 5.8
    Turkey 54 2.8
    Other 211 11.0
    Others 233 12.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1255 65.2
    Islam 487 25.3
    No Religion 170 8.8
    Buddhism 8 0.4
    Judaism 4 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 11.1
    $400-$599 92 15.5
    $600-$799 77 12.9
    $800-$999 69 11.6
    $1,500-$1,999 71 11.9
    Others 220 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 850 56.1
    Employed, worked full-time 342 22.6
    Employed, worked part-time 188 12.4
    Unemployed, looking for work 89 5.9
    Employed, away from work 46 3.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 104 18.1
    Community & personal service workers 69 12.0
    Sales 59 10.2
    Machinery operators & drivers 76 13.2
    Labourers 122 21.2
    Others 146 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 52 11.1
    Infants/Primary 143 30.6
    Secondary 137 29.3
    Technical or Further Educational Institution 72 15.4
    University or other Tertiary Institutions 52 11.1
    Others 12 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1920 97.1
    Flat, unit or apartment 54 2.7
    Semi-detached, row or terrace house, townhouse 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 316 49.4
    Being purchased 185 28.9
    Rented 134 20.9
    Other tenure type 5 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals