Question 1

Is Coledale a nice place to live?

Accepted Answer

Coledale is a compact beachside village on the Illawarra coast, framed by coastal cliffs and the escarpment. It centres on a sandy beach and tidal rock pool, with a small cluster of shops and cafés beside the train station on the South Coast line. Housing ranges from weatherboard cottages and modest federation homes to low-rise apartments that step down toward the shore, giving a lived-in seaside character.

Home to 1,372 people with a median age of 42, households in Coledale are strongly family-oriented and most dwellings are owner-occupied (44.2% owned outright and 41.0% owned with a mortgage). People move here for an outdoorsy lifestyle of surfing, coastal walks and fishing, and the village scale keeps day-to-day life local and walkable while road and rail links connect to nearby centres. Council and state works are under way or planned around the beach carpark, rail corridor and a section of the Grand Pacific Walk, and community facilities such as the Coledale Rock Pool and the Coledale Surf Life Saving Club are actively used and maintained.

Question 2

Is it expensive to live in Coledale?

Accepted Answer

Renting a house in Coledale at $1,200 a week would take about 46.4% of a typical local household's weekly income as recorded at the last Census ($2,586 a week). On these figures that is a large share of income, so rent would take nearly half of what a typical household earned at the last Census. If you're renting, that share is the number that matters and whether it feels expensive depends on your own income and 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 Coledale a good place to invest?

Accepted Answer

House rents in Coledale jumped 29.7% over the past 12 months, a strong increase in rental income. Over the same period, median house values fell 7.5%, a solid decline in what houses are worth.

For someone weighing Coledale up as an investment, the figures show sharply higher rental income this year while capital value declined. Which of those outcomes matters more for you will depend on your objectives and personal circumstances.

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	N/A	N/A
Change in value Past 12 months	-7.5%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	63	N/A
Average rent Past 12 months	$1200	N/A
Change in rent Past 12 months	29.7%	N/A

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