Warrawong, NSW
FAIR VALUE2,169 sales · 36 years of data · NSW, Australia
Warrawong, NSW Property Market Overview
Warrawong, NSW, postcode 2502, presents a compelling snapshot of the Illawarra property market. Located south of Wollongong, Warrawong has a recorded history of 2,169 sales over the past 36 years. The current median property price in Warrawong is $810,000, reflecting a blend of houses and apartments.
With houses currently holding a median of $821,500 and apartments at $495,000, Warrawong offers diverse property options. The suburb's growth is underscored by a 10-year Compound Annual Growth Rate (CAGR) of 7.4%, a 20-year CAGR of 6.2%, and a full-period CAGR of 6.3%. These figures highlight Warrawong's consistent, long-term growth in property value, making it a suburb worth watching for potential buyers and investors alike.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Warrawong
Top streets in Warrawong, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Vermont Rd | $963,000 |
| 2 | Kemblawarra Rd | $492,500 |
| 3 | Second Ave N | $735,000 |
| 4 | Cowper St | $815,000 |
... and 63 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Bruce Rd | $1,398/m² |
| 2 | Jane Ave | $1,260/m² |
| 3 | Minnegang St | $1,343/m² |
| 4 | First Ave S | $1,623/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Barbara Ave | +8.3% |
| 2 | First Ave N | +7.9% |
| 3 | First Ave S | +10.3% |
| 4 | Minnegang St | +7.8% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Warrawong analysis
67 streets and 20 buildings to explore
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Warrawong at a Glance
Warrawong, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Warrawong, NSW
Warrawong offers a diverse and convenient lifestyle for its residents. The suburb is well-serviced by amenities, including the large Warrawong Plaza shopping centre, which provides a wide range of retail and dining options. Families are well-catered for with schools such as Warrawong High School and Warrawong Public School.
For recreation, residents can enjoy the nearby Lake Illawarra, offering opportunities for water sports and lakeside walks. Parks such as Kully Bay Park provide green spaces for outdoor activities. Warrawong also has good transport links, with bus services connecting it to Wollongong and other surrounding suburbs. The suburb has a friendly and community-oriented vibe, making it a popular choice for families and individuals alike.
Warrawong's multicultural community contributes to its vibrant character. The suburb's affordability, relative to other coastal areas, makes it an attractive option for those seeking a relaxed lifestyle without sacrificing access to urban conveniences.
Who Buys in Warrawong?
Warrawong attracts a diverse range of buyers, reflecting its varied property types and price points. The median property price of $810,000 makes it an accessible option for first home buyers, particularly those seeking apartments, with a median price of $495,000. The 13.0% strata ownership indicates a significant proportion of apartment dwellers, often attracting young professionals and downsizers.
The historical growth, with a 10-year CAGR of 7.4%, also appeals to investors seeking long-term capital appreciation. Families are drawn to Warrawong by its schools, parks, and larger houses, which have a median price of $821,500. Overall, Warrawong's blend of affordability, amenities, and growth potential makes it appealing to a wide spectrum of buyers.
Market Analysis
Currently, the Warrawong property market is assessed to be near its long-term trend, indicating fair value. This suggests that prices in Warrawong are presently aligned with historical performance and broader market dynamics. This positioning is crucial for potential buyers and sellers to understand, as it implies a market that is neither significantly overheated nor deeply discounted.
A 'fair value' market in Warrawong suggests that price movements are likely to be more closely tied to underlying economic factors and local demand. It's a market where careful analysis of individual properties and local conditions becomes even more important for making informed decisions.
Is Warrawong a Good Investment?
Warrawong's growth patterns and property values are driven by a combination of factors, including its coastal location, affordability, and access to amenities. The suburb's consistent historical growth, as evidenced by its 10-year CAGR of 7.4%, 20-year CAGR of 6.2%, and full-period CAGR of 6.3%, suggests a stable investment environment. Warrawong's proximity to Wollongong and its own commercial hub in Warrawong Plaza contribute to its appeal.
Currently, Warrawong is assessed to be near its long-term trend, indicating fair value. This suggests that the suburb's property prices are aligned with its historical performance. The mix of housing types, including both houses and apartments, caters to a diverse range of buyers and tenants, further supporting demand. Whether Warrawong will continue to exhibit this growth is something potential buyers will need to analyse.
Warrawong Market Outlook
As of early 2026, the Warrawong property market is assessed to be near its long-term trend, indicating fair value. Recent price trends suggest a steady market, with no significant spikes or declines. This stability reflects a balanced supply and demand dynamic in the suburb.
While the market is currently stable, it's important to monitor broader economic factors and local developments that could influence future price movements in Warrawong. Keep an eye on interest rates and infrastructure projects.
Streets & Location in Warrawong, NSW
Warrawong, located in the 2502 postcode, offers a diverse range of properties across its 67 streets. Among the streets with higher median prices are MINNEGANG ST, SECOND AVE N, and FLAGSTAFF RD. These streets may offer larger blocks, premium locations, or superior housing quality.
Warrawong's location south of Wollongong provides access to both urban amenities and coastal lifestyle. The suburb's proximity to beaches and the city centre makes it an attractive option for a variety of residents.
Market Dynamics
The market dynamics in Warrawong are reflected in its settlement timeframes. Currently, the average settlement time for properties in Warrawong is 44 days. This timeframe provides an indication of the market's efficiency and the level of demand.
Available data doesn't provide insights into quick-flip activity within Warrawong. Further analysis would be required to understand short-term trading patterns in the suburb.
Development & Density
Warrawong features a mix of housing types, with a notable apartment presence. The suburb has 20 apartment buildings, contributing to its overall development density. This density is also reflected in the 13.0% strata title ownership, indicating a significant proportion of apartment living in Warrawong.
The presence of both houses and apartments in Warrawong caters to a range of residents, from families seeking larger homes to individuals and couples preferring apartment living. This mix also influences the overall affordability and investment opportunities within the suburb.
Growth & Property Mix
Warrawong's historical growth rates demonstrate a solid investment context. Over the past decade, properties in Warrawong have experienced a 7.4% Compound Annual Growth Rate (CAGR). Looking further back, the 20-year CAGR stands at 6.2%, while the full-period CAGR, encompassing 36 years of data, is 6.3%. This historical consistency is noteworthy.
The property mix in Warrawong includes both houses and apartments, with apartments comprising 13.0% of the market. This blend offers a range of investment options, each with its own potential risks and rewards.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.