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Warrawong
AREA REPORTS

Warrawong

Warrawong - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2502

house
unit

Property investors enjoyed capital gains of 19.02% over the last 12 months in WARRAWONG, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in WARRAWONG are high, as opposed to average gains per annum over the past five years.

The suburb posted a 12.75% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $425 based on current median home prices for the suburb.

On average, rents on listings have reached the $425 mark, reflecting a 3.62% increase in returns based on the current median price in WARRAWONG.

WARRAWONG, 2502 ranks 524th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 428th on the list of best yielding suburbs for rental properties in NSW, posting a 3.62% return.

Data report can be found below

Warrawong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 $425,000
GROWTH REPORT
Median Quarterly 9.42% 13.33%
Median 12 month 19.02% N/A
Median 3 years 12.75% 20.14%
Median 5 years 44.38% 37.54%
10 years average annual 8.87% 14.92%
Weekly media advert. rent $425 $310
Time on Market 70.4 days 50.9 days
Gross Rental Yield Percent 3.62% 3.79%
demographics (median values)*
Total Population
12438
Weekly Household Income
918
Household Size
2.60
Age
40
Monthly Loan Repayment
1602
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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