Suburb Profile Report for Gerringong NSW (2534)

Gerringong House: Median price $757,000, Annual capital growth 5.69%, Number of sales 81, Weekly median advertised rent $520

Gerringong Unit: Median price $549,000, Annual capital growth 5.79%, Number of sales 11, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Gerringong has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.36% to date .

Taking the average capital gain, or increase in median house value, Gerringong,2534 has racked up an average of 17.36% over the period. This ranks it number 1045th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Gerringong is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1077th in terms of most discounted suburbs in NSW

With a capital gain of 10.02% for the last 12 months, Gerringong, 2534 has performed for property investments than its average annual 5.79% property growth over the last 5 years.

Gerringong,2534 was ranked 280 in Australia by increase in median property value over the quarter.

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
HOUSE UNIT
$757,000 $549,000
4.85% 4.57%
17.36% 10.02%
5.69% 5.79%
$520 $450
81 11
3.57% 4.26%
66.26 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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