North Wollongong is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 2,299, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $81K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, sales. The top ancestries reported are English, Australian, Irish.
The median house price in North Wollongong is $1.2 million, having dropped significantly 58.8% over the past year. Units have a median price of $880,000 (+14% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,950.
North Wollongong is served by 1 school, including 1 special. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, North Wollongong offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -58.8% year-on-year.
North Wollongong is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 2,299, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $81K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, sales. The top ancestries reported are English, Australian, Irish.
The median house price in North Wollongong is $1.2 million, having dropped significantly 58.8% over the past year. Units have a median price of $880,000 (+14% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,950.
North Wollongong is served by 1 school, including 1 special. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, North Wollongong offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -58.8% year-on-year.