Primbee is a small locality in New South Wales within the Wollongong local government area (postcode 2502). It is home to about 1,623 residents, with an established family demographic and a median age of 44. Households earn a median income of $70K per year, with an average household size of 2.4 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Primbee stand at $1.1 million, having moved higher by 2.8% over the last twelve months. Units have a median price of $250,000 (-34.2% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 3.0%. 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 3,563 incidents per 100,000 population.
On the investment side, Primbee shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved +2.8% 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.