Suburb Profile Report for Warrawong NSW (2502)

Warrawong House: Median price $550,000, Annual capital growth 9.29%, Number of sales 52, Weekly median advertised rent $415

Warrawong Unit: Median price $355,000, Annual capital growth 15.12%, Number of sales 16, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 21.68% for the last year, Warrawong, 2502 is the 277th highest performer in Australia in this respect.

The five-year average increase in median property values for Warrawong,2502 has given property investors a potential capital gain of 92.98% across each of those five years.

Vendor discounting in Warrawong is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 782th in NSW when ranking the most discounted suburbs.

If you compare the increase in value of investment property in Warrawong, 2502 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.44%.

If we look at median property appreciation over just the last three months, Warrawong has given property investors a paper return of -4.95%. This puts Suburb as 505 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Warrawong is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 359th in terms of most discounted suburbs in NSW

Situated 56.13km from the CBD, Warrawong is one of Wollongong localities in the postcode 2502.

Metrics i HOUSE UNIT
$550,000 $355,000
4.76% -4.95%
21.68% -4.44%
9.29% 15.12%
$415 $300
52 16
3.92% 4.39%
74.18 28

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4765
Median household income ($/weekly) 646
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 578 12.1
    25-34 years 582 12.2
    35-44 years 567 11.9
    45-54 years 591 12.4
    55-64 years 544 11.4
    Others 1903 39.9
    Age Group
    Census Count Percent(%)
    Not Married 1865 52.7
    Registered Married 1425 40.3
    Defacto Relationship 247 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2678 60.4
    Germany 322 7.3
    Japan 318 7.2
    United Kingdom 119 2.7
    Other 473 10.7
    Others 522 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 1.7
    Christianity 3472 78.4
    Hinduism 19 0.4
    Islam 219 4.9
    No Religion 626 14.1
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 145 8.6
    $300-$399 261 15.5
    $400-$599 299 17.8
    $600-$799 208 12.4
    $800-$999 156 9.3
    Others 612 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2146 59.8
    Employed, worked full-time 732 20.4
    Employed, worked part-time 409 11.4
    Unemployed, looking for work 210 5.8
    Employed, away from work 94 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 144 11.6
    Technicians & trades workers 206 16.6
    Community & personal service workers 135 10.9
    Clerical & administrative workers 145 11.7
    Labourers 247 19.9
    Others 362 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 88 9.6
    Infants/Primary 330 35.9
    Secondary 254 27.6
    Technical or Further Educational Institution 121 13.2
    University or other Tertiary Institutions 102 11.1
    Others 24 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3396 75.3
    Semi-detached, row or terrace house, townhouse 567 12.6
    Flat, unit or apartment 545 12.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 841 47.2
    Fully owned 680 38.2
    Being purchased 248 13.9
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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