Avondale is a small community in New South Wales within the Wollongong local government area (postcode 2530). With a population of 1,695, the suburb has an established demographic with a median age of 40. Households earn a median income of $79K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Avondale is $700,000, having dropped significantly 15.8% over the past year. Units have a median price of $691,000 (+2.4% YoY). The current median weekly rent is $698. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,903.
Public transport access includes 14 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Avondale offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -15.8% year-on-year.
Avondale is a small community in New South Wales within the Wollongong local government area (postcode 2530). With a population of 1,695, the suburb has an established demographic with a median age of 40. Households earn a median income of $79K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Avondale is $700,000, having dropped significantly 15.8% over the past year. Units have a median price of $691,000 (+2.4% YoY). The current median weekly rent is $698. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,903.
Public transport access includes 14 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Avondale offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -15.8% year-on-year.