Gerringong is a smaller suburb in New South Wales within the Kiama local government area (postcode 2534). With a population of 4,165, the suburb has a mature demographic with a median age of 46. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Gerringong is $1.5 million, having grown strongly 8.6% over the past year. Units have a median price of $890,000 (-1.1% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Gerringong is served by 1 school, including 1 primary. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 1 rail station, 48 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Gerringong offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved +8.6% year-on-year.
Gerringong is a smaller suburb in New South Wales within the Kiama local government area (postcode 2534). With a population of 4,165, the suburb has a mature demographic with a median age of 46. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Gerringong is $1.5 million, having grown strongly 8.6% over the past year. Units have a median price of $890,000 (-1.1% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Gerringong is served by 1 school, including 1 primary. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 1 rail station, 48 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Gerringong offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved +8.6% year-on-year.