Suburb Profile Report for Woy Woy NSW (2256)

Woy Woy House: Median price $596,300, Annual capital growth 6.36%, Number of sales 182, Weekly median advertised rent $420

Woy Woy Unit: Median price $500,000, Annual capital growth 6.22%, Number of sales 127, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Woy Woy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.48%

When looking at the potential capital gains offered to property investors over the last 3 years, Woy Woy comes in at number 446th in NSW.

LACK OF BUYER INTEREST may well be the reason that Woy Woy is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 451th in terms of most discounted suburbs in NSW

Residents and property investors in Woy Woy have been waiting around 64.63 days to sell a property.

The NSW suburb of Woy Woy, 2256 is in the Gosford local government area.

Over the last year, property investments in Woy Woy, 2256 have given investors a capital gain of 17.65%. This compares very favourably with the 5.73% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Woy Woy,2256 has racked up an average of 17.65% over the period. This ranks it number 251th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Woy Woy should be aiming for at least -3.41% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 127 properties changed hands in Woy Woy, which puts it as the 117th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Woy Woy being $500000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.16%

Metrics i HOUSE UNIT
$596,300 $500,000
2.81% 3.95%
6.48% 17.65%
6.36% 6.22%
$420 $400
182 127
3.66% 4.16%
64.63 75.24

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 10113
Median household income ($/weekly) 795
Median age of persons 48
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    35-44 years 1190 11.8
    45-54 years 1314 13.0
    55-64 years 1365 13.5
    65-74 years 1280 12.7
    75-84 years 999 9.9
    Others 3966 39.2
    Age Group
    Census Count Percent(%)
    Not Married 3855 49.8
    Registered Married 3206 41.4
    Defacto Relationship 687 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7864 82.9
    Papua New Guinea 179 1.9
    Philippines 87 0.9
    United Kingdom 614 6.5
    Other 276 2.9
    Others 464 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 109 1.2
    Christianity 7279 78.8
    Islam 29 0.3
    Other Religious Groups 33 0.4
    No Religion 1763 19.1
    Others 22 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 536 13.9
    $400-$599 598 15.5
    $600-$799 466 12.0
    $800-$999 396 10.2
    $1,500-$1,999 392 10.1
    Others 1480 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4076 50.5
    Employed, worked full-time 2171 26.9
    Employed, worked part-time 1193 14.8
    Unemployed, looking for work 364 4.5
    Employed, away from work 263 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 554 15.3
    Technicians & trades workers 551 15.2
    Community & personal service workers 473 13.0
    Clerical & administrative workers 614 16.9
    Sales 419 11.6
    Others 1016 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 170 9.7
    Infants/Primary 616 35.1
    Secondary 502 28.6
    Technical or Further Educational Institution 201 11.4
    University or other Tertiary Institutions 200 11.4
    Others 67 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6511 69.2
    Semi-detached, row or terrace house, townhouse 1685 17.9
    Flat, unit or apartment 1178 12.5
    Caravan, cabin, houseboat 27 0.3
    House or flat attached to a shop, office 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1592 38.1
    Rented 1449 34.7
    Being purchased 1105 26.4
    Other tenure type 33 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals