North Wollongong is a smaller residential area in New South Wales within the Wollongong local government area (postcode 2500). It is home to about 2,299 residents, with a young professional demographic and a median age of 30. Households earn a median income of $81K per year, with an average household size of 2 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, community & personal service, sales. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
North Wollongong has a median house price of $975,000, which has fallen sharply by 9.7% year-on-year. Units have a median price of $752,000 (+7.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. 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 3,563 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($975K/$1.5M), which can point to relative value. The price-to-income ratio of 12.1x is considered stretched. House prices have moved -9.7% 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.