Suburb Profile Report for Woolooware NSW (2230)

Woolooware House: Median price $1,800,000, Annual capital growth 9.84%, Number of sales 48, Weekly median advertised rent $840

Woolooware Unit: Median price $817,500, Annual capital growth 6.35%, Number of sales 65, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Woolooware has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.88%

Taking the average capital gain, or increase in median house value, Woolooware,2230 has racked up an average of 16.88% over the period. This ranks it number 247th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -0.61% to buyers in Woolooware at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Woolooware the average time real estate has been on the market is 65 days.

Woolooware has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.81% to date .

Woolooware,2230 has offered an average of 4.81% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Woolooware are currently offering property investors an average price cut of -4.74% below the asking price at the moment.

With the median price for a house in Woolooware being $817500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 2.74%

Metrics i HOUSE UNIT
$1,800,000 $817,500
4.96% -0.30%
16.88% 4.81%
9.84% 6.35%
$840 $430
48 65
2.43% 2.74%
65 38.43

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4209
Median household income ($/weekly) 1627
Median age of persons 38
Median housing loan repayment ($/monthly) 2400
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 605 14.4
    25-34 years 485 11.5
    35-44 years 631 15.0
    45-54 years 602 14.3
    55-64 years 489 11.6
    Others 1397 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 1652 53.7
    Not Married 1161 37.7
    Defacto Relationship 265 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3317 82.3
    Japan 31 0.8
    Papua New Guinea 87 2.2
    United Kingdom 233 5.8
    Other 96 2.4
    Others 265 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.1
    Christianity 3192 80.8
    Hinduism 8 0.2
    Islam 15 0.4
    No Religion 683 17.3
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 108 8.0
    $1,500-$1,999 158 11.7
    $2,000-$2,499 147 10.9
    $2,500-$2,999 149 11.0
    $3,000-$3,499 125 9.3
    Others 663 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1333 42.2
    Not in the labour force 924 29.3
    Employed, worked part-time 706 22.4
    Employed, away from work 112 3.5
    Unemployed, looking for work 82 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 317 14.7
    Professionals 485 22.5
    Technicians & trades workers 309 14.4
    Community & personal service workers 234 10.9
    Clerical & administrative workers 370 17.2
    Others 438 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 88 8.5
    Infants/Primary 393 37.8
    Secondary 292 28.1
    Technical or Further Educational Institution 77 7.4
    University or other Tertiary Institutions 156 15.0
    Others 33 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2938 72.9
    Semi-detached, row or terrace house, townhouse 685 17.0
    Flat, unit or apartment 377 9.4
    Caravan, cabin, houseboat 27 0.7
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 585 39.8
    Fully owned 550 37.4
    Rented 324 22.0
    Other tenure type 12 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals