West Wollongong is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 5,223, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Wollongong is $1.0 million, having dropped significantly 10.7% over the past year. Units have a median price of $1.0 million (+23.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,123.
West Wollongong is served by 1 school, including 1 secondary. The average ICSEA score is 1083, which is above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, West Wollongong offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -10.7% year-on-year.
West Wollongong is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 5,223, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Wollongong is $1.0 million, having dropped significantly 10.7% over the past year. Units have a median price of $1.0 million (+23.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,123.
West Wollongong is served by 1 school, including 1 secondary. The average ICSEA score is 1083, which is above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, West Wollongong offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -10.7% year-on-year.