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Wollongong City Council, NSW

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The City of Wollongong is a local government area in New South Wales, located in the Illawarra region 80 kilometres south of Sydney’s central business district. The local market has changed considerably in the last decade, but what does the future hold for the LGA?

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It’s not just Sydney that has changed, the real estate market and house prices in Wollongong have also changed. The market is more balanced and there’s a more varied selection of properties to choose from, with a wider range of price points.

The best way to look at the Wollongong real estate market is to look at the fundamentals. The local economy is healthy, and the area’s housing affordability is more attractive than Sydney.

When looking at the market, there are three main factors to consider: the jobs market, the population and the house price.

The Wollongong area has a strong tech and medical economy, with many healthcare, software and research jobs located there. This is a good thing, as it means that local residents have access to a job market that is growing and provides a great income. Professionals (23.2 %), Technicians and Trades Workers (14.8 %), Clerical and Administrative Workers (13.6 %), Community and Personal Service Workers (12.4 %), and Managers (10.5 %) are the most prevalent jobs in Wollongong. In Wollongong, the typical weekly personal income for those aged 15 years and older is $584.

In the past five years, the Wollongong area has seen a significant population increase, and this has also had a positive impact on the market. With more people in the area, there will be more houses for sale, and this will only add to the competition between buyers.

In Wollongong, 69.5 % of occupied private residences are detached houses, 12.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 16.8 % are flats or apartments, and 0.7 % are other dwellings.

The housing market in Wollongong is a healthy one, with a vibrant economy and low unemployment. However, with the recent house price surge, it is not the cheapest of markets. The market is strong, but it does dip and rise, and home buyers should be prepared for this.

Discover the latest trends in Wollongong real estate prices with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which 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
No Price Data
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No Rent Data
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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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Property Market in Wollongong City Council, NSW

What other property markets are there near Wollongong City Council, NSW?

Wollongong City Council is surrounded by 5 other council areas – Wingecarribee, Campbelltown, Shellharbour, Sutherland Shire, Wollondilly.

1 thought on “Wollongong City Council, NSW”

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