Suburb Profile Report for Warrawong NSW (2502)

Warrawong House: Median price $424,250, Annual capital growth 5.51%, Number of sales 56, Weekly median advertised rent $400

Warrawong Unit: Median price $332,500, Annual capital growth 29.41%, Number of sales 13, Weekly median advertised rent $305

  • 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 7.15% which means that Warrawong, 2502 has done well for property investors by showing a capital gain of 15.44% over the last year

A 58.30% growth in median value for property investors in Warrawong,2502 puts this suburb at number 676th in terms of best performing suburbs in NSW

Property buyers and investors in Warrawong 2502 should be seeing an average reduction in asking price of around -4.21% . This means that Warrawong is holding prices well when compared to other suburbs in NSW.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Investment property in Warrawong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.40%

Vendor discounting in Warrawong is giving property investors an average Vendor Discount of around -1.66%. This puts suburb at number 454th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Warrawong the average time real estate has been on the market is 61.66 days.

With the median price for a house in Warrawong being $332500 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.77%

HOUSE UNIT
$424,250 $332,500
0.95% 7.61%
15.44% 6.40%
5.51% 29.41%
$400 $305
56 13
4.90% 4.77%
73.55 61.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4765
Median household income ($/weekly) 646
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 578 12.1
    25-34 years 582 12.2
    35-44 years 567 11.9
    45-54 years 591 12.4
    55-64 years 544 11.4
    Others 1903 39.9
    Age Group
    Census Count Percent(%)
    Not Married 1865 52.7
    Registered Married 1425 40.3
    Defacto Relationship 247 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2678 60.4
    Germany 322 7.3
    Japan 318 7.2
    United Kingdom 119 2.7
    Other 473 10.7
    Others 522 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 1.7
    Christianity 3472 78.4
    Hinduism 19 0.4
    Islam 219 4.9
    No Religion 626 14.1
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 145 8.6
    $300-$399 261 15.5
    $400-$599 299 17.8
    $600-$799 208 12.4
    $800-$999 156 9.3
    Others 612 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2146 59.8
    Employed, worked full-time 732 20.4
    Employed, worked part-time 409 11.4
    Unemployed, looking for work 210 5.8
    Employed, away from work 94 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 144 11.6
    Technicians & trades workers 206 16.6
    Community & personal service workers 135 10.9
    Clerical & administrative workers 145 11.7
    Labourers 247 19.9
    Others 362 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 88 9.6
    Infants/Primary 330 35.9
    Secondary 254 27.6
    Technical or Further Educational Institution 121 13.2
    University or other Tertiary Institutions 102 11.1
    Others 24 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3396 75.3
    Semi-detached, row or terrace house, townhouse 567 12.6
    Flat, unit or apartment 545 12.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 841 47.2
    Fully owned 680 38.2
    Being purchased 248 13.9
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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