Suburb Profile Report for Coniston NSW (2500)

Coniston House: Median price $647,500, Annual capital growth 7.69%, Number of sales 14, Weekly median advertised rent $480

Coniston Unit: Median price $463,750, Annual capital growth 8.99%, Number of sales 20, Weekly median advertised rent $360

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Coniston has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.75%

Taking the average capital gain, or increase in median house value, Coniston,2500 has racked up an average of -10.75% over the period. This ranks it number 1334th in the whole country for real estate investors looking at median house price increases.

Residents and property investors in Coniston have been waiting around 64.8462 days to sell a property.

Situated 70.20km from the CBD, Coniston is one of Wollongong (C) localities in the postcode 2500.

Coniston has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.61% to date .

The five-year average increase in median property values for Coniston,2500 has given property investors a potential capital gain of 49.60% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coniston, 2500. Typically our figures indicate that -8.21% is being offered, which puts this NSW suburb at 219th most discounted overall in Australia.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Coniston, 2500’s gross rental yield is 4.04%

Information supplied by:


April 2019

M
O

W
E

Buoyed by the past

Postcode: 2500

Median house price: $720,000

Three-year growth: 32.1%

Rental yield: 3.5%

North of the Port Kembla Steelworks and just south of the Wollongong CBD, the suburb of Coniston is a hub of commercial activity with many businesses operating, including a hotel, bakery, specialty retail shops and a medical centre.

House prices were flat in the February 2019 quarter, but this is certainly a suburb with strong growth potential, if its average annual growth rate of 9% is any indication, as it comes off remarkable boosts over 2016 and 2014.

It is also close to the many amenities in Wollongong, including the beautiful port area and schools such a campus of the Illawarra Institute of TAFE. Public transport is also abundant, with trains running through the Coniston railway station and several bus stops. Coniston is also known for Greenhouse Park, a park that was converted from a waste pile.

Metrics i HOUSE UNIT
$647,500 $463,750
0.00% -6.22%
-10.75% 6.61%
7.69% 8.99%
$480 $360
14 20
3.85% 4.04%
64.8461538461539 63.3529411764706

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2179
Median household income ($/weekly) 985
Median age of persons 38
Median housing loan repayment ($/monthly) 1534
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 241 11.0
    25-34 years 332 15.2
    35-44 years 302 13.8
    45-54 years 279 12.8
    55-64 years 221 10.1
    Others 806 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 734 45.7
    Not Married 722 44.9
    Defacto Relationship 151 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1332 64.6
    Egypt 70 3.4
    Germany 175 8.5
    United Kingdom 73 3.5
    Other 93 4.5
    Others 318 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 2.0
    Christianity 1500 74.9
    Islam 62 3.1
    Other Religious Groups 18 0.9
    No Religion 374 18.7
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 14.1
    $600-$799 87 11.6
    $800-$999 69 9.2
    $1,000-$1,249 74 9.9
    $1,500-$1,999 78 10.4
    Others 336 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 738 42.9
    Employed, worked full-time 539 31.3
    Employed, worked part-time 276 16.0
    Unemployed, looking for work 103 6.0
    Employed, away from work 65 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 198 22.4
    Technicians & trades workers 106 12.0
    Community & personal service workers 104 11.8
    Clerical & administrative workers 146 16.5
    Labourers 109 12.3
    Others 220 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.6
    Infants/Primary 156 30.4
    Secondary 103 20.1
    Technical or Further Educational Institution 72 14.0
    University or other Tertiary Institutions 125 24.4
    Others 23 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1299 64.5
    Semi-detached, row or terrace house, townhouse 386 19.2
    Flat, unit or apartment 315 15.6
    House or flat attached to a shop, office 14 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 302 37.8
    Fully owned 292 36.5
    Being purchased 200 25.0
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
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