Wombarra is a small community in New South Wales within the Wollongong local government area (postcode 2515). With a population of 944, the suburb has an established family demographic with a median age of 44. Households earn a median income of $149K per year, with an average household size of 2.7 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Wombarra stand at $2.1 million, having softened modestly by 2.3% over the last twelve months. Units have a median price of $1.2 million (+82.4% YoY). The current median weekly rent is $822. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $3,163.
Public transport access includes 1 rail station, 10 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
On the investment side, Wombarra shows a gross rental yield of approximately 2.0%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -2.3% 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.