Suburb Profile Report for Warrawong NSW (2502)

Warrawong House: Median price $435,000, Annual capital growth 6.21%, Number of sales 58, Weekly median advertised rent $390

Warrawong Unit: Median price $354,950, Annual capital growth 28.51%, Number of sales 15, Weekly median advertised rent $285

  • 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 7.28% which means that Warrawong, 2502 has done well for property investors by showing a capital gain of 6.10% over the last year

The five-year average increase in median property values for Warrawong,2502 has given property investors a potential capital gain of 64.15% across each of those five years.

Sellers are offering property buyers an average discount of -3.84% to buyers in Warrawong at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.21%, investors should hope to achieve an overall return of 4.66%

Warrawong, 2502 ranked 129th in NSW when comparing growth in median property values or capital gain over the last 12 months. Warrawong is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Warrawong,2502 has racked up an average of 12.68% over the period. This ranks it number 7th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Warrawong itself are offering an average vendor discount of -0.80% to real estate investors.

Warrawong is 270th on a list of best yielding suburbs for rents in NSW with a 4.18% return

HOUSE UNIT
$435,000 $354,950
1.87% 9.22%
6.10% 12.68%
6.21% 28.51%
$390 $285
58 15
4.66% 4.18%
71.28 56.23

Source: CoreLogic

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