Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $800,000, Annual capital growth 7.40%, Number of sales 84, Weekly median advertised rent $534

Wollongong Unit: Median price $599,000, Annual capital growth 6.86%, Number of sales 422, Weekly median advertised rent $430

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

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

  • House Report
  • Unit Report

Over the last year, property investments in Wollongong, 2500 have given investors a capital gain of -10.61%. This compares very badly with the 0.62% for NSW as a whole.

Wollongong,2500 was ranked 4013 in Australia by increase in median property value over the quarter.

Wollongong is 639th on a list of best yielding suburbs for rents in NSW with a 3.51% return

Investment property in Wollongong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.28%

Over the longer term, Wollongong has seen property prices show investors a 19.32% return over the last 3 years. This is worse than over the last 12 months

Wollongong2500 is located in NSW which offers an average discount of -5.92% to property investors. Wollongong itself is showing figures that indicate -6.95% is the average achievable by property buyers investing in the suburb.

In the last year 444 properties changed hands in Wollongong, which puts it as the 3rd most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$800,000 $599,000
-0.31% 0.00%
-11.11% 2.39%
7.40% 6.86%
$534 $430
84 422
3.47% 3.73%
69.608696 72.95392

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 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)
Find a mortgage broker in Wollongong NSW
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
Chart Table