Suburb Profile Report for Woolooware NSW (2230)

Woolooware House: Median price $1,600,000, Annual capital growth 8.21%, Number of sales 40, Weekly median advertised rent $900

Woolooware Unit: Median price $730,000, Annual capital growth 10.65%, Number of sales 53, Weekly median advertised rent $535

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Woolooware is in the bottom 30% in NSW when comparing median price capital growth over the last year. Woolooware gave property investors a disappointing capital gain figure when compared to the rest of the state, with -11.11%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woolooware has increased when compared to the 5 year average annual rate.

Vendor discounting in Woolooware is giving property investors an average Vendor Discount of around -7.14%. This puts suburb at number 477th in NSW when ranking the most discounted suburbs.

Woolooware is 984th on a list of best yielding suburbs for rents in NSW with a 2.93% return

Property investors who have had real estate in Woolooware, 2230 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.05%

Over the longer term, Woolooware has seen property prices show investors a -3.95% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Woolooware should be aiming for at least -7.67% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $535 mark per week – giving a return of 3.81% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,600,000 $730,000
-1.31% -4.58%
-11.11% -12.05%
8.21% 10.65%
$900 $535
40 53
2.93% 3.81%
56.5789473684211 75.9772727272727

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (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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