Located in New South Wales within the Wollongong local government area, Austinmer is a compact suburb (postcode 2515). It is home to about 2,725 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $134K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Austinmer has a median house price of $1.7 million, which has dropped significantly by 13.1% year-on-year. Units have a median price of $1.1 million (-5% YoY). The current median weekly rent is $822. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,726.
Austinmer is served by 1 school, including 1 primary. The average ICSEA score is 1132, which is well above the national average of 1,000. Public transport access includes 1 rail station, 11 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved -13.1% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.