Suburb Profile Report for Wollongong NSW (2500)

Wollongong House: Median price $1,082,424, Annual capital growth 9.12%, Number of sales 77, Weekly median advertised rent $545

Wollongong Unit: Median price $620,000, Annual capital growth 5.54%, Number of sales 729, Weekly median advertised rent $450

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

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • 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 22.65% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wollongong comes in at number 630th in NSW.

Sellers are offering property buyers an average discount of -8.41% to buyers in Wollongong at the moment, which is less than average for the rest of NSW.

At number 3027 in a list of fastest selling suburbs, Wollongong is in the bottom 40% of suburbs in Australia with an average of days on market 49.8 for properties listed there.

Using the current median advertised rental of $545 and the average annual increase in value of a median property of 9.12%, investors should hope to achieve an overall return of 2.62%

With a capital gain of 8.77% for the last 12 months, Wollongong, 2500 has performed for property investments than its average annual 5.54% property growth over the last 5 years.

Over the longer term, Wollongong has seen property prices show investors a 1.64% return over the last 3 years. This is an improvement over the last 12 months

At number 168th of NSW’s most discounted properties, Wollongong is in the bottom 30% of the state/territory when listing in order of most discounted to least.

At number 1042 in a list of fastest selling suburbs, Wollongong is just in the bottom half of suburbs in Australia with an average of days on market 49.7151 for properties listed there.

With the median price for a house in Wollongong being $620000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.77%

Metrics i HOUSE UNIT
$1,082,424 $620,000
10.51% 2.48%
22.65% 8.77%
9.12% 5.54%
$545 $450
77 729
2.62% 3.77%
49.8 49.7150684931507

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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