Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $886,000, Annual capital growth 7.95%, Number of sales 47, Weekly median advertised rent $528

Wollongong Unit: Median price $593,500, Annual capital growth 6.17%, Number of sales 435, Weekly median advertised rent $430

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

Investment property in Wollongong has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.24%

While Wollongong,2500 ranked number 801th in NSW for increase in median house value (annualised) increase, it is ranked 284th over the last 5 years.

Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -5.12% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $527.5 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 3.10%

Wollongong, 2500 ranked 131th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wollongong is one of 3163 in our list for NSW

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.

Vendor discounting in Wollongong is giving property investors an average Vendor Discount of around -5.23%. This puts suburb at number 166th in NSW when ranking the most discounted suburbs.

Advertised rents are around the $430 mark per week – giving a return of 3.77% based on the median price in Suburb

Metrics i HOUSE UNIT
$886,000 $593,500
-0.56% 0.59%
4.24% 7.91%
7.95% 6.17%
$528 $430
47 435
3.10% 3.77%
55.25 57.79

Source: CoreLogic

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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