Suburb Profile Report for Gerringong NSW (2534)

Gerringong House: Median price $825,000, Annual capital growth 5.88%, Number of sales 84, Weekly median advertised rent $520

Gerringong Unit: Median price $549,000, Annual capital growth 7.20%, Number of sales 10, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 9.05% which means that Gerringong, 2534 has done well for property investors by showing a capital gain of 14.82% over the last year

If we look at median property appreciation over just the last three months, Gerringong has given property investors a paper return of 6.45%. This puts Suburb as 273 on a list of fastest fasting appreciating suburbs in NSW

At number 1082th of NSW’s most discounted properties, Gerringong is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Gerringong have been waiting around 58.3 days to sell a property.

Property investors should expect to get $520 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Gerringong, 2534 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.57%.

Over the longer term, Gerringong has seen property prices show investors a 17.06% return over the last 3 years. This is worse than over the last 12 months

Property investors should expect to get $440 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
May 2016

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Just under two hours’ drive south of Sydney, units in the coastal township of Gerringong have shown some life in recent years.Full summary Just under two hours’ drive south of Sydney, units in the coastal township of Gerringong have shown some life in recent years.

The median unit price currently hovers at just under $500,000, having jumped a very respectable 55% in the past five years.

A shortage of stock may have helped that price rise; however, that has likely been alleviated somewhat since the completion of a number of projects in the centre of town.

While Gerringong may be considered just a coastal getaway by many, the township of around 4,000 people has plenty to offer.

Gerringong train station links the town to regional centres such as Wollongong and Nowra, while nearly $1bn has been spent in recent years on upgrading the Princes Highway.

Other popular tourist towns such as Kiama and Berry are also a short drive away.Close
Metrics i HOUSE UNIT
$825,000 $549,000
6.45% N/A
14.82% 4.57%
5.88% 7.20%
$520 $440
84 10
3.28% 4.17%
58.3 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Gerringong NSW
Demographics
Total population 3456
Median household income ($/weekly) 1186
Median age of persons 42
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 469 13.6
    35-44 years 418 12.1
    45-54 years 509 14.7
    55-64 years 403 11.7
    65-74 years 316 9.1
    Others 1341 38.8
    Age Group
    Census Count Percent(%)
    Registered Married 1386 56.7
    Not Married 875 35.8
    Defacto Relationship 185 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2968 88.1
    Greece 14 0.4
    Papua New Guinea 35 1.0
    United Kingdom 199 5.9
    Other 39 1.2
    Others 112 3.3
    Country of Birth
    Census Count Percent(%)
    Christianity 2551 78.3
    No Religion 663 20.3
    Buddhism 35 1.1
    Hinduism 6 0.2
    Other Religious Groups 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 129 11.9
    $600-$799 106 9.8
    $800-$999 109 10.1
    $1,500-$1,999 155 14.3
    $2,000-$2,499 108 10.0
    Others 476 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1083 40.1
    Employed, worked full-time 875 32.4
    Employed, worked part-time 576 21.3
    Employed, away from work 94 3.5
    Unemployed, looking for work 75 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 190 12.3
    Professionals 383 24.8
    Technicians & trades workers 237 15.4
    Community & personal service workers 206 13.4
    Clerical & administrative workers 187 12.1
    Others 339 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 89 9.9
    Infants/Primary 309 34.3
    Secondary 266 29.5
    Technical or Further Educational Institution 87 9.7
    University or other Tertiary Institutions 133 14.8
    Others 17 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2830 89.6
    Semi-detached, row or terrace house, townhouse 176 5.6
    Flat, unit or apartment 130 4.1
    Caravan, cabin, houseboat 5 0.2
    House or flat attached to a shop, office 15 0.5
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 476 40.2
    Being purchased 411 34.7
    Rented 268 22.6
    Other tenure type 30 2.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals