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 an established demographic with a median age of 42. Households earn a median income of $134K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Coledale is $2.1 million, having dropped significantly 20.4% over the past year. Units have a median price of $1.5 million (-29.4% YoY). The current median weekly rent is $970. This gives a gross rental yield of approximately 2.3%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Coledale offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.0x is considered stretched. House prices have moved -20.4% year-on-year.
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 an established demographic with a median age of 42. Households earn a median income of $134K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Coledale is $2.1 million, having dropped significantly 20.4% over the past year. Units have a median price of $1.5 million (-29.4% YoY). The current median weekly rent is $970. This gives a gross rental yield of approximately 2.3%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Coledale offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.0x is considered stretched. House prices have moved -20.4% year-on-year.