Towradgi is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 3,241, the suburb has an established demographic with a median age of 42. Households earn a median income of $82K 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 English, Australian, Irish.
The median house price in Towradgi is $1.2 million, having dropped significantly 11.2% over the past year. Units have a median price of $1.1 million (+37.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,300.
Towradgi is served by 1 school, including 1 special. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Towradgi offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved -11.2% year-on-year.
Towradgi is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2518). With a population of 3,241, the suburb has an established demographic with a median age of 42. Households earn a median income of $82K 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 English, Australian, Irish.
The median house price in Towradgi is $1.2 million, having dropped significantly 11.2% over the past year. Units have a median price of $1.1 million (+37.7% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,300.
Towradgi is served by 1 school, including 1 special. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Towradgi offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved -11.2% year-on-year.