Best Pharmacy Location in Wollongong
Marketlyzer calculates a 62/100 opportunity score for pharmacys in Wollongong, supported by moderate competition and $56,000 average income, plus a 72/100 foot traffic index.
With a startup-to-income ratio of 8.7:1, Wollongong requires efficient operations to maximize Pharmacy profitability
Pharmacy Opportunity Score
Data-driven potential for success in Wollongong based on 7 key market factors
Market Opportunity
Based on 7 comprehensive market factors
Financial Overview
Wollongong Pharmacy Insights
Data-driven analysis unique to this market combination
Market Position Analysis
Unique positioning insights for Wollongong
With a startup-to-income ratio of 8.7:1, Wollongong requires efficient operations to maximize Pharmacy profitability
lower customer density of 12,583 per commercial dollar suggests premium positioning opportunities
The balanced Pharmacy market in Wollongong rewards innovation, with 72 foot traffic index
Competitive Market Position
How Wollongong ranks nationally for pharmacys
Wollongong's 62.8/100 score indicates moderate opportunity, ranking in the 50th percentile for Pharmacy success factors
Strategic Recommendations
Actionable strategies tailored for Wollongong
📍 Location strategy: Moderate traffic (72) with affordable rent ($24/sqft) favors larger footprint strategy in Wollongong - consider 2,000+ sqft locations
📢 Marketing focus: Moderate foot traffic requires proactive customer acquisition - allocate 8-12% of revenue to digital marketing in Wollongong
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Cautious - High Preparation
Challenging market conditions. Extensive market research and unique value proposition essential. Consider waiting 6-12 months or targeting niche segments.
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (72) - organic visibility
Seasonal Levers
- Flu season
- Cold and allergy seasons
- Insurance renewal periods
Pharmacy Market Analysis for Wollongong
Why Wollongong for Pharmacys?
- Metro population of 302,000 provides large customer base
- Average income of $56,000 supports pharmacy spending
- Moderate business density indicates healthy economic activity
- Strong demographics opportunities throughout the city
- Strong accessibility opportunities throughout the city
Pharmacy Success Factors
Seasonal Considerations for Wollongong
Flu season
Cold and allergy seasons
Insurance renewal periods
Best Wollongong Neighborhoods for Pharmacys
Data-driven analysis of optimal areas based on pharmacy success factors
Downtown Wollongong
High PotentialBusiness District
Strong WeekdaySuburban Areas
Growth AreaWollongong vs Other Australia Cities for Pharmacys
Pharmacy FAQs for Wollongong
Why is now the right time to open in Wollongong?
Wollongong's 62.8/100 score indicates moderate opportunity, ranking in the 50th percentile for Pharmacy success factors Challenging market conditions. Extensive market research and unique value proposition essential. Consider waiting 6-12 months or targeting niche segments.
Which customers convert best?
40% of households earn $75k+, sustaining premium spend for pharmacys
What should my first location focus on?
📍 Location strategy: Moderate traffic (72) with affordable rent ($24/sqft) favors larger footprint strategy in Wollongong - consider 2,000+ sqft locations
How do local conditions impact operations?
Flu season
Ready to Open Your Pharmacy in Wollongong?
Cautious - High Preparation with a 62/100 opportunity score, moderate competition, and a 72/100 foot traffic index. Challenging market conditions. Extensive market research and unique value proposition essential. Consider waiting 6-12 months or targeting niche segments.