Cringila is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 2,156, the suburb has an established demographic with a median age of 38. Households earn a median income of $58K per year, with an average household size of 2.8 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, Macedonian, English.
The median house price in Cringila is $780,000, having surged 11.4% over the past year. Units have a median price of $670,000 (-13.5% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,614.
Cringila is served by 1 school, including 1 primary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Cringila offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($780K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +11.4% year-on-year.
Cringila is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 2,156, the suburb has an established demographic with a median age of 38. Households earn a median income of $58K per year, with an average household size of 2.8 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, Macedonian, English.
The median house price in Cringila is $780,000, having surged 11.4% over the past year. Units have a median price of $670,000 (-13.5% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,614.
Cringila is served by 1 school, including 1 primary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Cringila offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($780K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +11.4% year-on-year.