Mount Ousley (postcode 2519) is a close-knit residential community in New South Wales within the Wollongong local government area. With a population of 1,611, the suburb has an established demographic with a median age of 42. Households earn a median income of $119K 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
Median house prices in Mount Ousley stand at $1.2 million, having risen steeply by 12.2% over the last twelve months. Units have a median price of $1.1 million (+59.7% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,450.
Mount Ousley is served by 1 school, including 1 combined. The average ICSEA score is 1108, which is well above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
Looking at the investment signals, Mount Ousley shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +12.2% 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.