Figtree is an established suburb in New South Wales within the Wollongong local government area (postcode 2525). With a population of 12,335, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $106K 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
Figtree has a median house price of $1.2 million, which has risen by 2.2% year-on-year. Units have a median price of $780,000 (+6.8% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,229.
Figtree is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 57 bus stops. Healthcare facilities include 1 private 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 3.1% (moderate yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved +2.2% 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.