Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $887,000, Annual capital growth 7.67%, Number of sales 55, Weekly median advertised rent $520

Wollongong Unit: Median price $600,000, Annual capital growth 6.09%, Number of sales 478, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

Wollongong has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.04% to date .

Over the longer term, Wollongong has seen property prices show investors a 40.24% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Wollongong 2500 should be seeing an average reduction in asking price of around -5.61% . This means that Wollongong is holding prices well when compared to other suburbs in NSW.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.05%, without taking into account capital value appreciation, which has been averaging out at 7.67%.

Wollongong has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.09% to date .

Wollongong,2500 was ranked 508 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.07% to buyers in Wollongong at the moment, which is less than average for the rest of NSW.

Wollongong is 379th on a list of best yielding suburbs for rents in NSW with a 3.73% return

Metrics i HOUSE UNIT
$887,000 $600,000
-1.44% 1.69%
8.04% 10.09%
7.67% 6.09%
$520 $430
55 478
3.05% 3.73%
64.33 56.5

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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Recent sales & rentals