South Wolumla is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 180, the suburb has a mature demographic with a median age of 48. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in South Wolumla is $1.5 million, having surged 55.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,717.
Public transport access includes 10 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, South Wolumla offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 19.1x is considered stretched. House prices have moved +55.3% year-on-year.
South Wolumla is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 180, the suburb has a mature demographic with a median age of 48. Households earn a median income of $76K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in South Wolumla is $1.5 million, having surged 55.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,717.
Public transport access includes 10 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, South Wolumla offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 19.1x is considered stretched. House prices have moved +55.3% year-on-year.