Question 1

Is Calderwood a nice place to live?

Accepted Answer

Calderwood sits in the Shellharbour area against the Illawarra escarpment, with rolling green hills and a semi-rural feel. Much of the suburb is recent residential streets of contemporary single-family homes with footpaths, pocket parks and playgrounds, and local life centres on neighbourhood green space and walking trails. The community of 3,013 people has a median age of 30 and the area appeals particularly to families and new homeowners.

About four in five homes are owner-occupied and couple families with children are the largest household type at 54.7%. A new public primary school and co-located preschool are under construction, and the Calderwood masterplan includes a village and town centre, a district park, a community centre, active walking and cycling links and several government school sites. Residents commonly drive a short distance to larger shops, regional routes such as the Princes Highway, and Shellharbour’s coastal amenities, so Calderwood suits people seeking a quieter suburban setting with escarpment and coastal recreation close by.

Question 2

Is it expensive to live in Calderwood?

Accepted Answer

At about $1,100,000, a house in Calderwood works out to roughly 8.7 times a typical local household's annual income at the last Census. Renting a house for about $850 a week would take roughly 35% of a typical local household's weekly income at the last Census, which is a sizeable share. On these figures, buying sits more stretched against what local households earned at the last Census than renting does; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Calderwood a good place to invest?

Accepted Answer

House values in Calderwood climbed 18.9% over the past 12 months, a strong rise in what a house is worth. Over the same period, house rents increased 6.2%, a solid gain in rental income. For houses, capital growth has outpaced rent growth this year, so price movement has been the stronger performer while rental income rose more modestly. Whether that balance suits your goals and circumstances depends on what you want from an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.10M	N/A
Change in value Past 12 months	18.9%	N/A
Sold Past 3 months	23	N/A
Median days on market Past 12 months	39	N/A
Average rent Past 12 months	$850	N/A
Change in rent Past 12 months	6.3%	N/A

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