Question 1

Is Warrawong a nice place to live?

Accepted Answer

Warrawong is a practical, down-to-earth suburb in Wollongong’s Illawarra, shaped by its proximity to Port Kembla and Lake Illawarra and a long industrial history. Day-to-day life is convenient, with a long-standing shopping precinct, local services and good public transport and road links that make errands and travel straightforward.

The community of 4,659 people, with a median age of 41, is a mix of couple families, workers connected with nearby industry, long-term locals and retirees. Housing is generally modest and functional, from post-war cottages and brick homes to pockets of unit development, and residents have easy access to coastal and estuary recreation. There is active investment in local facilities too, from a foreshore master plan adding paths, a boardwalk, improved lake access and a seawall upgrade, to a new community centre and library, a community health centre in delivery, rezoning around the plaza and an approved small social housing project.

Question 2

Is it expensive to live in Warrawong?

Accepted Answer

Rents in Warrawong take a large share of a typical local household's weekly income as recorded at the last Census. A house at $650 a week would take about 71.6% of a typical local household's weekly income at the last Census, while a unit at $470 a week would take about 51.8%. For people renting, those are the figures to focus on; whether that 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 Warrawong a good place to invest?

Accepted Answer

House values in Warrawong climbed 12.6% over the past 12 months, a strong rise. House rents also increased, up 10.2% over the year, which is a strong gain but slightly smaller than the price movement. Unit rents rose 4.4% over the same period, a modest increase.

For someone weighing Warrawong up as an investment, the house numbers show notable capital growth alongside strong rent growth, while the unit side has seen more modest rent movement. Which of those outcomes matters to you will depend on your individual goals and 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	12.6%	N/A
Sold Past 3 months	8	1
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$650	$470
Change in rent Past 12 months	10.2%	4.4%

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