Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $795,000, Annual capital growth 8.11%, Number of sales 79, Weekly median advertised rent $530

Wollongong Unit: Median price $599,000, Annual capital growth 6.95%, Number of sales 408, Weekly median advertised rent $430

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Wollongong, 2500 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.67%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wollongong has increased when compared to the 5 year average annual rate.

Often selling an investment property can take time, and in Wollongong the average time real estate has been on the market is 60.8636 days.

Situated 68.81km from the CBD, Wollongong is one of Wollongong (C) localities in the postcode 2500.

Giving property investors a a stable capital gain of 1.69% for the last year, Wollongong, 2500 is the 606th highest performer in Australia in this respect.

Comparing Wollongong,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -6.94% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.

Renters in Suburb are facing rents around $22360 per annum or $430 every week.

Metrics i HOUSE UNIT
$795,000 $599,000
-3.93% 1.18%
-11.67% 1.69%
8.11% 6.95%
$530 $430
79 408
3.47% 3.73%
60.863636 73.558136

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 16716
Median household income ($/weekly) 966
Median age of persons 32
Median housing loan repayment ($/monthly) 1800
Average household size 2
  • Census Count Percent(%)
    20-24 years 2823 16.9
    25-34 years 3626 21.7
    35-44 years 1868 11.2
    45-54 years 1667 10.0
    55-64 years 1683 10.1
    Others 5050 30.2
    Age Group
    Census Count Percent(%)
    Not Married 7349 56.1
    Registered Married 4408 33.6
    Defacto Relationship 1350 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9729 63.4
    Croatia 1103 7.2
    Germany 329 2.1
    United Kingdom 667 4.3
    Other 1195 7.8
    Others 2321 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 512 3.4
    Christianity 9195 61.8
    Hinduism 196 1.3
    Islam 780 5.2
    No Religion 4078 27.4
    Others 111 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 703 10.5
    $600-$799 684 10.2
    $800-$999 607 9.1
    $1,000-$1,249 603 9.0
    $1,500-$1,999 762 11.4
    Others 3327 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5677 41.1
    Employed, worked full-time 4474 32.4
    Employed, worked part-time 2405 17.4
    Unemployed, looking for work 780 5.6
    Employed, away from work 482 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 808 11.0
    Professionals 2145 29.1
    Technicians & trades workers 830 11.3
    Community & personal service workers 909 12.4
    Clerical & administrative workers 993 13.5
    Others 1675 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 154 3.4
    Infants/Primary 598 13.1
    Secondary 482 10.5
    Technical or Further Educational Institution 490 10.7
    University or other Tertiary Institutions 2724 59.5
    Others 133 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 9278 61.8
    Separate house 3922 26.1
    Semi-detached, row or terrace house, townhouse 1726 11.5
    House or flat attached to a shop, office 95 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4134 57.9
    Fully owned 1659 23.2
    Being purchased 1262 17.7
    Other tenure type 87 1.2
    Tenure Type
Census 2011, ABS
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