Primbee is a small community in New South Wales within the Wollongong local government area (postcode 2502). With a population of 1,623, the suburb has an established demographic with a median age of 44. Households earn a median income of $70K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Primbee is $1.3 million, having surged 14% over the past year. Units have a median price of $635,000 (+2% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,904.
Primbee is served by 1 school, including 1 primary. The average ICSEA score is 943, which is below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Primbee offers a gross rental yield of 2.4%, 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 +14.0% year-on-year.
Primbee is a small community in New South Wales within the Wollongong local government area (postcode 2502). With a population of 1,623, the suburb has an established demographic with a median age of 44. Households earn a median income of $70K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Primbee is $1.3 million, having surged 14% over the past year. Units have a median price of $635,000 (+2% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,904.
Primbee is served by 1 school, including 1 primary. The average ICSEA score is 943, which is below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Primbee offers a gross rental yield of 2.4%, 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 +14.0% year-on-year.