Callala Bay is a smaller suburb in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 2,234, the suburb has a mature demographic with a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Callala Bay is $1.1 million, having surged 14.2% over the past year. Units have a median price of $483,000 (-4.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,697.
Callala Bay is served by 1 school, including 1 primary. The average ICSEA score is 971, which is around the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Callala Bay offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.4x is considered stretched. House prices have moved +14.2% year-on-year.
Callala Bay is a smaller suburb in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 2,234, the suburb has a mature demographic with a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Callala Bay is $1.1 million, having surged 14.2% over the past year. Units have a median price of $483,000 (-4.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,697.
Callala Bay is served by 1 school, including 1 primary. The average ICSEA score is 971, which is around the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Callala Bay offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.4x is considered stretched. House prices have moved +14.2% year-on-year.