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North Wollongong, NSW 2500

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$1,325,000

list-price estimate

Median Unit

$770,000

market range $725K-$850K

Gross Yield (units)

4.2%

1yr Growth (houses)

+7.2%

market range +2.5% to +20.0%

Investment snapshot for North Wollongong

North Wollongong has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full North Wollongong verdict

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North Wollongong market and investor summary

North Wollongong sits in NSW, postcode 2500. House prices have moved +7.2% over the past year and -10.0% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth. Houses also take time to sell, around 69 days on market, so plan for a slower exit if you ever need one.

Living in North Wollongong: people, income and schools

About 2,299 people live in North Wollongong, and the area has been growing steadily, up about 7% over five years. The median age is 30, younger than the national median, with renters making up 66% of households. That renter share gives landlords a deep tenant pool to draw on through the year.

Households here earn a median of about $81,000 a year, or roughly $1,550 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 37 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 67 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 85 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
2,299
+7% over 5yr
Median age
30 years
Median household income
$81,000/yr
Households renting
66%
Family households
48%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
37
avg ICSEA 1035
Unemployment
6.2%
Distance to CBD
67 km
Walk score
57/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in North Wollongong

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Frequently asked questions about North Wollongong

What should I check before investing in North Wollongong?

North Wollongong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +7.2% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in North Wollongong?

The median property price in North Wollongong, NSW 2500 is $770K for units.

What rental yield does North Wollongong show?

The gross rental yield in North Wollongong is 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for North Wollongong?

House prices in North Wollongong are up 7.2% over the past year and down 10.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in North Wollongong?

The current vacancy rate in North Wollongong is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in North Wollongong?

North Wollongong has a population of approximately 2,299 residents, with a median age of 30.

What schools are near North Wollongong?

There are 37 schools within roughly 5km of North Wollongong. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is North Wollongong's population growing?

The population of North Wollongong has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is North Wollongong from the CBD?

North Wollongong is about 67 km from the CBD.

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