Suburb Profile Report for Cape Woolamai VIC (3925)

Cape Woolamai House: Median price $470,000, Annual capital growth 6.01%, Number of sales 53, Weekly median advertised rent $330

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

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

  • House Report

If you compare the increase in value of investment property in Cape Woolamai, 3925 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.37%.

A 34.29% growth in median value for property investors in Cape Woolamai,3925 puts this suburb at number 258th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Cape Woolamai are currently offering property investors an average price cut of -6.64% below the asking price at the moment.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 6.01%.

Metrics i HOUSE UNIT
$470,000 N/A
0.11% N/A
11.37% N/A
6.01% N/A
$330 N/A
53 N/A
3.65% N/A
77.577774 N/A

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

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Cape Woolamai VIC
Demographics
Total population 1549
Median household income ($/weekly) 1122
Median age of persons 38
Median housing loan repayment ($/monthly) 1554
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 203 13.1
    25-34 years 212 13.7
    35-44 years 248 16.0
    45-54 years 213 13.8
    55-64 years 202 13.0
    Others 471 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 515 51.6
    Not Married 320 32.1
    Defacto Relationship 163 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1223 85.2
    Greece 13 0.9
    Papua New Guinea 22 1.5
    United Kingdom 74 5.2
    Other 23 1.6
    Others 80 5.6
    Country of Birth
    Census Count Percent(%)
    Christianity 692 52.7
    No Religion 599 45.7
    Buddhism 17 1.3
    Judaism 4 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 62 12.9
    $600-$799 53 11.0
    $1,000-$1,249 53 11.0
    $1,250-$1,499 50 10.4
    $1,500-$1,999 64 13.3
    Others 200 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 417 37.7
    Not in the labour force 365 33.0
    Employed, worked part-time 249 22.5
    Employed, away from work 41 3.7
    Unemployed, looking for work 33 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 135 19.1
    Technicians & trades workers 163 23.1
    Clerical & administrative workers 73 10.3
    Sales 68 9.6
    Labourers 88 12.5
    Others 179 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 36 11.0
    Infants/Primary 128 39.0
    Secondary 93 28.4
    Technical or Further Educational Institution 32 9.8
    University or other Tertiary Institutions 27 8.2
    Others 12 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1331 98.9
    Flat, unit or apartment 15 1.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 234 43.7
    Fully owned 185 34.5
    Rented 117 21.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table