Bulli (postcode 2516) is a medium-sized suburb in New South Wales within the Wollongong local government area. With a population of 6,798, the suburb has an established family demographic with a median age of 40. Households earn a median income of $121K 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.
Median house prices in Bulli stand at $1.6 million, having dropped significantly by 9.2% over the last twelve months. Units have a median price of $1.0 million (+15.1% YoY). The current median weekly rent is $845. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,525.
Bulli is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1081, which is above the national average of 1,000. Public transport access includes 34 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.1x is considered stretched. House prices have moved -9.2% 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.