Warrawong is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,659, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.4 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Macedonian.
The median house price in Warrawong is $732,000, having dropped significantly 12.9% over the past year. Units have a median price of $495,000 (+7.6% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 4.2%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Warrawong offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($732K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved -12.9% year-on-year.
Warrawong is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,659, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.4 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Macedonian.
The median house price in Warrawong is $732,000, having dropped significantly 12.9% over the past year. Units have a median price of $495,000 (+7.6% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 4.2%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Warrawong offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($732K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved -12.9% year-on-year.