Carwoola is a close-knit residential community in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). It is home to about 1,602 residents, with an established family demographic and a median age of 44. Households earn a median income of $167K per year, with an average household size of 3 people. 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 managers, professionals, clerical & administrative. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Carwoola stand at $1.8 million, having jumped by 16.5% over the last twelve months. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,839.
Public transport access includes 10 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, Carwoola shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +16.5% year-on-year.