Gwynneville is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 3,139, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $72K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Gwynneville is $1.3 million, having surged 21.1% over the past year. Units have a median price of $620,000 (+21.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,250.
Gwynneville is served by 2 schools, including 2 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Gwynneville offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 18.4x is considered stretched. House prices have moved +21.1% year-on-year.
Gwynneville is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 3,139, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $72K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Gwynneville is $1.3 million, having surged 21.1% over the past year. Units have a median price of $620,000 (+21.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,250.
Gwynneville is served by 2 schools, including 2 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Gwynneville offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 18.4x is considered stretched. House prices have moved +21.1% year-on-year.