Woonona is a well-established suburb in New South Wales within the Wollongong local government area (postcode 2517). With a population of 12,374, the suburb has an established demographic with a median age of 43. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Woonona is $1.7 million, having surged 17.7% over the past year. Units have a median price of $784,000 (-10.5% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,200.
Woonona is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 3 rail stations, 35 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Woonona offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 18.1x is considered stretched. House prices have moved +17.7% year-on-year.
Woonona is a well-established suburb in New South Wales within the Wollongong local government area (postcode 2517). With a population of 12,374, the suburb has an established demographic with a median age of 43. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Woonona is $1.7 million, having surged 17.7% over the past year. Units have a median price of $784,000 (-10.5% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,200.
Woonona is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 3 rail stations, 35 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Woonona offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 18.1x is considered stretched. House prices have moved +17.7% year-on-year.