Fairy Meadow (postcode 2519) is a mid-sized suburb in New South Wales within the Wollongong local government area. The area has roughly 7,512 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $73K per year, with an average household size of 2.4 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Italian.
Median house prices in Fairy Meadow stand at $1.3 million, having grown strongly by 5.6% over the last twelve months. Units have a median price of $600,000 (+0.8% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Fairy Meadow is served by 6 schools, including 4 primary, 2 secondary. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
Looking at the investment signals, Fairy Meadow shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.3x is considered stretched. House prices have moved +5.6% 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.