Coalcliff is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 212, the suburb has a mature demographic with a median age of 47. Households earn a median income of $172K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Coalcliff is $1.4 million, having dropped significantly 51.3% over the past year. Units have a median price of $2.2 million (+73.2% YoY). The current median weekly rent is $798. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,000.
Public transport access includes 1 rail station, 3 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Coalcliff offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 8.1x is considered moderate. House prices have moved -51.3% year-on-year.
Coalcliff is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 212, the suburb has a mature demographic with a median age of 47. Households earn a median income of $172K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Coalcliff is $1.4 million, having dropped significantly 51.3% over the past year. Units have a median price of $2.2 million (+73.2% YoY). The current median weekly rent is $798. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,000.
Public transport access includes 1 rail station, 3 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Coalcliff offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 8.1x is considered moderate. House prices have moved -51.3% year-on-year.