Wollongong is a large suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 20,446, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Wollongong is $1.4 million, having risen modestly 1.9% over the past year. Units have a median price of $719,000 (-6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,950.
Wollongong is served by 8 schools, including 4 primary, 2 secondary, 2 special. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 2 rail stations, 82 bus stops. Healthcare facilities include 2 public and 4 private hospitals. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Wollongong offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved +1.9% year-on-year.
Wollongong is a large suburb in New South Wales within the Wollongong local government area (postcode 2500). With a population of 20,446, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Wollongong is $1.4 million, having risen modestly 1.9% over the past year. Units have a median price of $719,000 (-6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,950.
Wollongong is served by 8 schools, including 4 primary, 2 secondary, 2 special. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 2 rail stations, 82 bus stops. Healthcare facilities include 2 public and 4 private hospitals. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Wollongong offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved +1.9% year-on-year.