Figtree is a well-established suburb in New South Wales within the Wollongong local government area (postcode 2525). With a population of 12,335, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Figtree is $1.4 million, having surged 18.1% over the past year. Units have a median price of $608,000 (-22.6% YoY). The current median weekly rent is $725. This gives a gross rental yield of approximately 2.8%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Figtree offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +18.1% year-on-year.
Figtree is a well-established suburb in New South Wales within the Wollongong local government area (postcode 2525). With a population of 12,335, the suburb has an established demographic with a median age of 40. Households earn a median income of $106K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Figtree is $1.4 million, having surged 18.1% over the past year. Units have a median price of $608,000 (-22.6% YoY). The current median weekly rent is $725. This gives a gross rental yield of approximately 2.8%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Figtree offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +18.1% year-on-year.