Wollongong, NSW 2500: Suburb Profile & Property Report

Market Report

House report
Unit Report

Wollongong has 78 houses available for sale. The median property price for a house is currently $1,285,000 with annual capital growth of 2.80% . There were 70 house sales in the past 12 months. On average, houses spend 28 days on market.

If you're thinking about buying an investment property in Wollongong, consider that rental yields for houses are currently 3.15% with an average median rent of $620 weekly. Houses have seen 1.18% growth in the past quarter, and 2.80% growth in the past 12 months.

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years.

Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.

Wollongong has 547 units available for sale. The median property price for a unit is currently $705,000 with annual capital growth of -0.70% . There were 571 unit sales in the past 12 months. On average, units spend 42 days on market.

If you're thinking about buying an investment property in Wollongong, consider that rental yields for units are currently 4.08% with an average median rent of $600 weekly. Units have seen -2.08% growth in the past quarter, and -0.70% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,285,000	$705,000
Quarterly growth	+1.18%	-2.08%
12-month growth	+2.80%	-0.70%
Average annual growth	+9.11%	+4.09%
Weekly median rent	$620	$600
Gross rental yield	3.15%	4.08%
Number of Sales (12m)	70	571
Avg. Days on Market (12m)	28	42

Jump to Market Trends

Key Demographics	2011	2016
Total population	16,716	18,454
Population change (5y)	+16.38%	+10.40%
Median household income (p/w)	$968	$1,197
Household income change (5y)	+19.95%	+23.66%
Median age of persons	33	35

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Wollongong is $1,285,000 for houses and $705,000 for units.

The Median Growth in Wollongong over the past 12 months is 2.80% for houses and -0.70% for units.

Over the past 12 months there were 70 houses sold and 571 units sold in Wollongong. On average, houses spent 28 days on market and units spent 42 days on market.

In the past 12 months up to August 2024 there were 70 houses sold and 571 units sold in Wollongong. On average, houses spent 28 days on market and units spent 42 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Wollongong is $620 for houses and $600 for units.

The Rental Yield in Wollongong is 3.15% for houses and 4.08% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Wollongong was 18,454 in 2016, a +10.40% change compared to 2011.

The predominant age group in Wollongong is 20-29 years.

The population of Wollongong was 18,454 in 2016, a +10.40% change compared to 2011.

The predominant age group in Wollongong is 20-29 years.

Most of the population in Wollongong were born in Australia.

Most of the population in Wollongong report their religion as No Religion.

Most of the population in Wollongong report their income range as between $78,000 and $130,000 .

The median household income in Wollongong was $1,197 in 2016, a +23.66% change compared to 2011.

Most of the population in Wollongong report their income range as between $15,000 and $31,000 .

The median household income in Wollongong was $968 in 2011, a +19.95% change compared to 2006.

Most of the population in Wollongong work as Professional.

The chart below demonstrates the various levels of education in Wollongong.

Most of the population in Wollongong reached a qualification level of Bachelor.

2011 2016

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Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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