Suburb Profile Report for Warrawong NSW (2502)

Warrawong House: Median price $435,000, Annual capital growth 5.84%, Number of sales 57, Weekly median advertised rent $390

Warrawong Unit: Median price $354,950, Annual capital growth 28.74%, Number of sales 16, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1430th in the list of Australian suburbs ordered by increase in median house value over the last year, Warrawong, 2502 is in the top 40% with a property value increase of 7.74% recorded in median house prices.

Over the longer term, Warrawong has seen property prices show investors a 51.97% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Warrawong is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 992th in terms of most discounted suburbs in NSW

With a capital gain of 14.50% for the last 12 months, Warrawong, 2502 has performed for property investments than its average annual 28.74% property growth over the last 5 years.

Vendor discounting in Warrawong is giving property investors an average Vendor Discount of around -0.80%. This puts suburb at number 469th in NSW when ranking the most discounted suburbs.

Residents and property investors in Warrawong have been waiting around 56.23 days to sell a property.

With the median price for a house in Warrawong being $354950 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.25%

HOUSE UNIT
$435,000 $354,950
2.96% 6.75%
7.74% 14.50%
5.84% 28.74%
$390 $290
57 16
4.66% 4.25%
74.76 56.23

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (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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