Warrawong is a smaller residential area in New South Wales within the Wollongong local government area (postcode 2502). The area has roughly 4,659 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $47K 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Macedonian.
Warrawong has a median house price of $920,000, which has climbed sharply by 11.4% year-on-year. Units have a median price of $549,000 (+19.3% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,725.
Warrawong is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 39 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
On the investment side, Warrawong shows a gross rental yield of approximately 3.6%, rated as moderate yield. Property prices sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 19.5x is considered stretched. House prices have moved +11.4% 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.