This property is Off Market
With an average age of 29, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $450. The average family earns a weekly income of $1,895 with a typical household size of 2.3 and a 90.92% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Wollongong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Wollongong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 'Lower than average population density constrains growth in Wollongong to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Wollongong we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wollongong a better buying opportunity than it may have been in the past.
(Country of Birth not stated 4%)
Wollongong - West a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
29 / 100
31 / 100
Industry
24 / 100
22 / 100
Population
25 / 100
19 / 100
House Prices
55 / 100
60 / 100
Jobs
29 / 100
29 / 100
Incidents Trend State Average
Coniston Public School
Coniston, NSW, 2500 State K-6
St Brigid's Catholic Primary School
Gwynneville, NSW, 2500 Independent K-6
Illawarra Hospital School
Wollongong, NSW, 2500 State
Wollongong West Public School
Wollongong, NSW, 2500 State K-6
Wollongong Public School
Wollongong, NSW, 2500 State K-6
Gwynneville Public School
Gwynneville, NSW, 2500 State K-6
Smiths Hill High School
Wollongong, NSW, 2500 State 7-12
Alesco Illawarra
Wollongong, NSW, 2500 Independent 9-12
St Therese Catholic Primary School
West Wollongong, NSW, 2500 Independent K-6
The Illawarra Grammar School
Wollongong West, NSW, 2500 Independent K-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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