Wongawilli (postcode 2530) is a close-knit residential community in New South Wales within the Wollongong local government area. It is home to about 1,213 residents, with a young professional demographic and a median age of 31. Households earn a median income of $148K per year, with an average household size of 3.4 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Wongawilli stand at $1.1 million, having declined steeply by 11.8% over the last twelve months. The current median weekly rent is $685. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,600.
Public transport access includes 5 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
From an investment perspective, Wongawilli shows a gross rental yield of approximately 3.4%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -11.8% 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.