Callala Bay (postcode 2540) is a smaller suburb in New South Wales within the Shoalhaven local government area. The area has roughly 2,234 residents and an older-leaning population, with a median age of 51. Households earn a median income of $67K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
The median house price in Callala Bay is $1.0 million, having surged by 12.1% over the past year. Units have a median price of $775,000 (+13.3% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.9%. 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 3,639 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.9% (low yield). Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +12.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.