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Wollongbar, NSW 2477

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wollongbar, NSW 2477 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Wollongbar, NSW 2477”

  1. The total adult population (15 years or older) of Wollongbar 2477 NSW is 2,611, with a median age of 40. Of those, 47.84% are married, 12.95% are divorced or separated, 34.01% are single and 4.94% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,708. The median monthly mortgage repayment for households in this suburb is $1,842 which is 23.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in NSW, Wollongbar 2477 is home to approximately 1,413 households. This robust community entered Q3 of 2023 with typical property prices for houses pegged at an estimated $832,369. This, paired with a median weekly rent of $684, is generating an attractive indicative yield of 4.27%. Such a yield is above the minimum required 3%, presenting a decent investment opportunity for savvy cashflow-focused property investors.

    Wollongbar 2477 also boasts an impressive IRSAD score of 1006 out of 1217. This high value signifies a promising socio-economic status of the locality, indicating that residents within the area often have access to ample economic resources, higher incomes and populated by skilled professionals.

    A significant marker of a vibrant property market is the renter to owner ratio, with Wollongbar 2477 hovering at a favourable 25%. This under 30% figure guarantees less competition among landlords for prospective tenants and hints at a community atmosphere with a steady marketplace.

    Furthermore, Wollongbar 2477 presents an ideal units to houses ratio of just 11%. This underlines the low competition among landlords for tenants which can help maintain a high rental yield and attracts more families who are more likely to have longer tenancy periods.

    On the other hand, the suburb has an affordability index of 42 years suggesting low affordability, which could affect the propensity for new buyers to enter the market. However, it’s crucial to consider the holistic property market health and not only rely on a singular metric.

    The supply metrics for houses in Wollongbar 2477 are slightly mixed. The stock on market Percentage is a respectable 0.8%, placing it in the neutral range, whereas the inventory level sits at a slightly high 4.17 months. While the building approvals Ratio is low at 0.4% indicating a favourably low supply, the somewhat extended days on market at 78 days may suggest slightly lower demand.

    A vacancy rate of 4.0% could be symptomatic of lower demand levels, and the buy search index of 4 reinforces this initial view. These figures should be kept in mind while making property investment decisions in this locale.

    In sum, though some metrics tread into less attractive territories, the high yield and favourable IRSAD scores still underline Wollongbar 2477 as a location with potential. It’s vital to keep an eye on trends and fluctuations, as these indicators can change and offer new, lucrative opportunities. The HtAG Analytics’ Relative Composite Score (RCS) stands as an important reference, as it integrates over 80 metrics to offer an encompassing perspective when considering an investment.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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