Tarrawanna is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 2,184, the suburb has a mature demographic with a median age of 48. Households earn a median income of $75K 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, Scottish.
The median house price in Tarrawanna is $1.3 million, having dropped significantly 10% over the past year. Units have a median price of $810,000 (-7.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Tarrawanna is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Tarrawanna offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 16.7x is considered stretched. House prices have moved -10.0% year-on-year.
Tarrawanna is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 2,184, the suburb has a mature demographic with a median age of 48. Households earn a median income of $75K 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, Scottish.
The median house price in Tarrawanna is $1.3 million, having dropped significantly 10% over the past year. Units have a median price of $810,000 (-7.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Tarrawanna is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Tarrawanna offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 16.7x is considered stretched. House prices have moved -10.0% year-on-year.