Koonawarra is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2530). With a population of 3,732, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $65K per year, with an average household size of 2.6 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Koonawarra is $835,000, having grown strongly 5.7% over the past year. Units have a median price of $765,000 (+19.5% YoY). The current median weekly rent is $698. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,733.
Public transport access includes 25 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Koonawarra offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($835K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +5.7% year-on-year.
Koonawarra is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2530). With a population of 3,732, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $65K per year, with an average household size of 2.6 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Koonawarra is $835,000, having grown strongly 5.7% over the past year. Units have a median price of $765,000 (+19.5% YoY). The current median weekly rent is $698. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,733.
Public transport access includes 25 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Koonawarra offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($835K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +5.7% year-on-year.