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Warrawong, NSW 2502
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$905,000
market range $875K-$950K
Median Unit
$490,000
market range $450K-$725K
Gross Yield (houses)
3.7%
1yr Growth (houses)
+8.3%
market range +2.5% to +15.0%
Investment snapshot for Warrawong
Warrawong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Warrawong market and investor summary
In Warrawong, NSW 2502, the median house sells for around $905K, on a gross rental yield of 3.7% for houses. House prices have moved +8.3% over the past year. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 65 days on market, so plan for a slower exit if you ever need one.
Living in Warrawong: people, income and schools
About 4,659 people live in Warrawong, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and families account for 61% of households.
The typical household income runs to around $47,000 a year (about $910 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 19.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 43% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 13 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Warrawong sits about 75 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 77 for walkability and 19 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 4,659
- -0% over 5yr
- Median age
- 41 years
- Median household income
- $47,000/yr
- Households renting
- 48%
- Family households
- 61%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 13
- avg ICSEA 917
- Unemployment
- 15.3%
- Distance to CBD
- 75 km
- Walk score
- 77/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Warrawong
View all →Frequently asked questions about Warrawong
What should I check before investing in Warrawong?
Warrawong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.3% in the past year shows strong recent price momentum. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Warrawong?
The median property price in Warrawong, NSW 2502 is $905K for houses and $490K for units.
What rental yield does Warrawong show?
The gross rental yield in Warrawong is 3.7% for houses. 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 Warrawong?
House prices in Warrawong are up 8.3% over the past year. 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 Warrawong?
The current vacancy rate in Warrawong is 0.5%. 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 Warrawong?
Warrawong has a population of approximately 4,659 residents, with a median age of 41.
What schools are near Warrawong?
There are 13 schools within roughly 5km of Warrawong. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Warrawong affordable to buy in?
A median house in Warrawong costs about 19.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Warrawong's population growing?
The population of Warrawong has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Warrawong from the CBD?
Warrawong is about 75 km from the CBD.
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