Fairy Meadow is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2519). With a population of 7,512, the suburb has an established demographic with a median age of 38. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Fairy Meadow is $1.3 million, having dipped slightly 0.8% over the past year. Units have a median price of $505,000 (-22.9% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 3.4%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Fairy Meadow offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved -0.8% year-on-year.
Fairy Meadow is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2519). With a population of 7,512, the suburb has an established demographic with a median age of 38. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Fairy Meadow is $1.3 million, having dipped slightly 0.8% over the past year. Units have a median price of $505,000 (-22.9% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 3.4%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Fairy Meadow offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved -0.8% year-on-year.