Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $895,000, Annual capital growth 6.41%, Number of sales 41, Weekly median advertised rent $485

Wollongong Unit: Median price $572,000, Annual capital growth 4.51%, Number of sales 404, Weekly median advertised rent $410

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Wollongong is in the TOP 30% in NSW when comparing median price capital growth over the last year. Wollongong gave property investors a good capital gain figure when compared to the rest of the state, with 8.68%.

Wollongong,2500 has offered an average of 8.68% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $25220 per annum or $485 every week.

Over the last year, property investments in Wollongong, 2500 have given investors a capital gain of -3.70%. This compares badly with the 2.36% for NSW as a whole.

Wollongong,2500 was ranked 1261 in Australia by increase in median property value over the quarter.

The most recent median price for Wollongong is $572000, with sellers offering an average of -3.40% off the asking price.

With the median price for a house in Wollongong being $572000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.73%

Metrics i HOUSE UNIT
$895,000 $572,000
4.68% -1.38%
8.68% -3.70%
6.41% 4.51%
$485 $410
41 404
2.82% 3.73%
53.8571428571429 63.7432432432432

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (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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