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This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.
SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.
Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
2021 Census | -- people
Sales Activity
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Sales Detail
Population
Calderwood lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends
Calderwood's population is estimated at around 4588 as of Feb 2026, reflecting an increase of 1575 people since the 2021 Census which reported a population of 3013. This growth was inferred from AreaSearch's estimate of the resident population at 3658 following examination of ABS' latest ERP data release in June 2024, and an additional 612 validated new addresses since the Census date. This results in a density ratio of 265 persons per square kilometer. Calderwood's growth rate of 52.3% since the 2021 census exceeded Rest of NSW's 5.9%. Population growth was primarily driven by interstate migration contributing approximately 79.0% of overall population gains, although all drivers including natural growth and overseas migration were positive factors. AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022.
For areas not covered by this data, NSW State Government's SA2 level projections released in 2022 with a base year of 2021 are used. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future population trends predict exceptional growth placing Calderwood in the top 10 percent of national non-metropolitan areas, with an expected expansion of 2326 persons to 2041, reflecting a gain of 30.4% over the 17 years.
Frequently Asked Questions - Population
Development
The level of residential development activity in Calderwood was found to be higher than 90% of real estate markets across the country
Calderwood averaged approximately 123 new dwelling approvals annually based on AreaSearch analysis of ABS building approval numbers from statistical area data. Between financial years FY-21 and FY-25, around 619 homes were approved, with an additional 59 in FY-26 to date. On average, 1.9 new residents arrived per year for each new home over the past five financial years, suggesting balanced supply and demand dynamics.
The average construction value of these properties was $444,000, slightly above the regional average. This financial year has seen $97,000 in commercial approvals, indicating a primarily residential focus. Compared to the Rest of NSW, Calderwood had 492.0% more new home approvals per person as of recent data. However, building activity has slowed in recent years. Nationally, developer confidence in Calderwood is strong due to this high level of activity. The mix of new building activity comprises 62.0% detached dwellings and 38.0% townhouses or apartments, marking a shift from the current housing mix of predominantly houses (99.0%).
This change reflects reduced development site availability and evolving lifestyle demands. With approximately 34 people per dwelling approval, Calderwood exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, the population is projected to grow by 1,396 residents by 2041. Given current development patterns, new housing supply should meet demand, potentially facilitating further population growth beyond current projections and offering good conditions for buyers.
Frequently Asked Questions - Development
Infrastructure
Calderwood has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 17 projects likely affecting the area. Notable projects include Calderwood Village, Tripoli Way Extension, Cascadia Calderwood, and Albion Park Rail Residential Development - Riverside Estate. The following details projects expected to have the most relevance.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Calderwood Village
Calderwood Village is a $50 million neighbourhood shopping centre and community hub developed by Revelop within the Stockland Calderwood Valley masterplanned community. The 10,000 square metre centre features a full-line Woolworths supermarket, BWS, Priceline Pharmacy, Young Academics childcare, Anytime Fitness, a swim school, and medical facilities. The development includes over 280 parking spaces with EV charging stations and a significant rooftop solar array. Following a change in builders to iProjects (formerly Rebuild Projects) in late 2024, the project is tracking for completion in March 2026.
Con O'Keefe and Russell Street Precinct Master Plan
A comprehensive master plan adopted by Shellharbour City Council in May 2024 to revitalize Con O'Keefe Park and Russell Street Precinct in Albion Park. The project includes library extension, new amenities building, community garden relocation, improved sports facilities with lighting, upgraded playgrounds, skate plaza, fitness stations, enhanced landscaping and accessibility improvements. The master plan will be delivered in stages over multiple years to serve the growing community needs.
Tripoli Way Extension
Construction of the final stage of the Tripoli Way Extension to create an uninterrupted travel route connecting Terry Street in the east to the Illawarra Highway at Broughton Avenue in the west, bypassing the Albion Park town centre. The project includes widening to four lanes to Calderwood Road and two lanes to Tongarra Road at Tullimbar. This will reduce traffic congestion on the Illawarra Highway/Tongarra Road and improve connectivity to growing communities like Tullimbar and Calderwood Valley. Early electrical works began February 2025. The full scope, including the Terry Street intersection upgrade, is now funded as part of a $74 million project.
Albion Park Rail Residential Development - Riverside Estate
Large residential development featuring 850 new homes across multiple stages. The development includes parks, walking trails along Macquarie Rivulet, and community facilities to support sustainable suburban growth.
Calderwood Valley Master-Planned Community
A massive 700-hectare master-planned community in the Illawarra region, now a joint venture between Stockland and Supalai Australia. The project is delivering approximately 4,800 to 5,000 homes across multiple precincts including 'The Valley' and 'The Fields'. Key infrastructure includes the $50 million Calderwood Village (anchored by Woolworths and BWS, slated for March 2026 completion), a new public school opening in 2028, and the Tripoli Way Extension. The estate features 35km of trails and 200 hectares of open space.
Mount Terry Estate
A 70-lot residential estate offering 4 and 5-bedroom house and land packages situated between creek reserves and mountain backdrops. The estate features natural character with peaceful surroundings while remaining connected to South Coast amenities including local shops, sporting facilities, and educational precincts. Ready-built packages available with completion expected in early 2026.
Yellow Rock Road Upgrade
The Yellow Rock Road Upgrade involves transforming the road into a major collector road to meet the needs of the growing community. The project covers more than 600 metres of road infrastructure starting from the Illawarra Highway. Key features include road widening, new kerbing and guttering, surface re-grading, additional car parking spaces, upgraded intersections and access points, pedestrian refuge and shared path construction, upgraded lighting, stormwater infrastructure, signage, and line marking improvements.
Albion Park Rail Town Centre Revitalisation
A comprehensive revitalisation plan for Albion Park Rail town centre including upgraded public spaces, new commercial opportunities, improved pedestrian access and enhanced community facilities. The project aims to create a vibrant town heart that serves the growing population.
Employment
AreaSearch analysis of employment trends sees Calderwood performing better than 85% of local markets assessed across Australia
Calderwood has a skilled workforce with well-represented essential services sectors. Its unemployment rate was 2.3% in the past year, with an estimated employment growth of 0.6%. As of December 2025, 2,099 residents were employed, and the unemployment rate was 1.6% lower than Regional NSW's rate of 3.9%.
Workforce participation in Calderwood was 80.7%, compared to Regional NSW's 61.3%. According to Census responses, 26.9% of residents worked from home, potentially influenced by Covid-19 lockdowns. Leading employment industries were health care & social assistance, construction, and retail trade, while agriculture, forestry & fishing had limited presence at 0.5%, compared to Regional NSW's 5.3%.
Employment opportunities locally appeared limited, as indicated by the working population vs resident population count. Between December 2024 and December 2025, employment levels increased by 0.6% and labour force by 0.6%, with unemployment remaining largely unchanged. This contrasted with Regional NSW where employment contracted by 1.2%, labour force fell by 0.8%, and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Calderwood's employment mix, local employment is estimated to increase by 6.7% over five years and 14.0% over ten years, based on a simple weighting extrapolation for illustrative purposes.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
The suburb of Calderwood has one of Australia's highest income levels according to latest Australian Taxation Office data aggregated by AreaSearch for financial year 2023. Its median income among taxpayers is $70,900 and average income stands at $82,864, compared to Regional NSW's figures of $52,390 and $65,215 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates would be approximately $77,182 (median) and $90,206 (average) as of September 2025. Census data shows household, family and personal incomes in Calderwood rank highly nationally, between the 87th and 88th percentiles. Income distribution indicates that 48.6% of the population (2,229 individuals) fall within the $1,500 - $2,999 income range, reflecting regional patterns where 29.9% similarly occupy this range. Economic strength is evident with 32.9% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 20.5% of income, but strong earnings place disposable income at the 82nd percentile nationally and the area's SEIFA income ranking places it in the 7th decile.
Frequently Asked Questions - Income
Housing
Calderwood is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region
Calderwood's dwelling structures, as per the latest Census, consisted of 98.7% houses and 1.3% other dwellings such as semi-detached homes, apartments, and others. This is in contrast to Regional NSW's figures of 82.6% houses and 17.4% other dwellings. Home ownership in Calderwood was at 12.9%, with the rest being mortgaged (67.0%) or rented (20.0%). The median monthly mortgage repayment in Calderwood was $2,470, surpassing Regional NSW's average of $1,733. The median weekly rent figure for Calderwood was recorded at $580, compared to Regional NSW's $330. Nationally, Calderwood's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Calderwood features high concentrations of family households, with a higher-than-average median household size
Family households account for 90.6% of all households, including 50.7% couples with children, 28.7% couples without children, and 11.0% single parent families. Non-family households constitute the remaining 9.4%, with lone person households at 7.6% and group households comprising 1.4%. The median household size is 3.1 people, which is larger than the Regional NSW average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
The educational profile of Calderwood exceeds national averages, with above-average qualification levels and academic performance metrics
Calderwood Trail residents aged 15+ have lower university degree holders at 22.6%, compared to NSW's 32.2%. Bachelor degrees are most common at 16.4%, followed by postgraduate qualifications (4.5%) and graduate diplomas (1.7%). Vocational credentials are prominent, with 47.0% holding them, including advanced diplomas (12.9%) and certificates (34.1%). Educational participation is high at 30.9%, with 12.1% in primary, 6.3% in secondary, and 3.4% in tertiary education.
Educational participation is notably high, with 30.9% of residents currently enrolled in formal education. This includes 12.1% in primary education, 6.3% in secondary education, and 3.4% pursuing tertiary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Calderwood has 19 active public transport stops, all of which are bus stops. These stops are served by 14 different routes that together facilitate 211 weekly passenger trips. The area's transport accessibility is considered good, with residents typically residing 288 meters from the nearest stop. As a predominantly residential area, most commutes are outward-bound and cars remain the primary mode of transportation at 96%. On average, there are 1.9 vehicles per dwelling, exceeding the regional average. According to the 2021 Census, 26.9% of residents work from home, which may be influenced by COVID-19 conditions.
Across all routes, service frequency averages 30 trips per day, equating to approximately 11 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Calderwood is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions
Calderwood shows better-than-average health outcomes according to AreaSearch's assessment of mortality rates and chronic condition prevalence. Both young and old age cohorts have low prevalence of common health conditions.
Private health cover is exceptionally high at approximately 60% of the total population (2,736 people), compared to 51.9% across Regional NSW. The most prevalent medical conditions are asthma and mental health issues, affecting 8.8 and 8.0% of residents respectively. 76.4% of residents declare themselves completely clear of medical ailments, compared to 63.3% in Regional NSW. The under-65 population has better-than-average health outcomes. As of the latest data (2021), Calderwood has 8.3% of residents aged 65 and over (380 people), lower than the 23.4% in Regional NSW. Health outcomes among seniors are above average, with national rankings broadly in line with the general population.
Frequently Asked Questions - Health
Cultural Diversity
Calderwood ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics
Calderwood's population was predominantly Australian-born, with 86.2% having been born in Australia, and a majority were citizens at 93.2%. English was the primary language spoken at home by 89.7% of residents. Christianity was the prevalent religion in Calderwood, comprising 55.7% of its population, slightly lower than the Regional NSW average of 55.9%.
The top three ancestral groups were Australian (31.2%), English (26.9%), and Other (6.0%). Notably, Spanish ancestry was more common in Calderwood at 1.8%, compared to 0.3% regionally, while Macedonian stood at 1.6% (vs 0.4%) and Maltese at 1.7% (vs 0.4%).
Frequently Asked Questions - Diversity
Age
Calderwood hosts a very young demographic, ranking in the bottom 10% of areas nationwide
Calderwood has a median age of 30 years, which is lower than Regional NSW's average of 43 and Australia's median of 38. Compared to Regional NSW, Calderwood has a higher proportion of residents aged 25-34 (24.4%) but fewer residents aged 55-64 (4.9%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.4%. Between the 2021 Census and present, the population aged 35 to 44 has grown from 16.6% to 18.6%, while those aged 65 to 74 increased from 4.9% to 6.4%. Conversely, the proportion of residents aged 25 to 34 has decreased from 26.3% to 24.4%, and the 55-64 age group has dropped from 6.3% to 4.9%. By 2041, demographic modeling projects significant changes in Calderwood's age profile, with the strongest growth expected in the 35 to 44 cohort, projected to increase by 44%, adding 371 residents to reach a total of 1,225.