Coledale is a small community in New South Wales within the Wollongong local government area (postcode 2515). With a population of 1,372, the suburb has a settled mid-life population with 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 professional services. The top ancestries reported are English, Australian, Irish.
Coledale has a median house price of $2.0 million, which has dropped significantly by 25.9% year-on-year. Units have a median price of $1.9 million (+62.5% YoY). The current median weekly rent is $822. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,600.
Coledale is served by 1 school, including 1 primary. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 1 rail station, 8 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 2.1% (low yield). Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved -25.9% 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.