Wollombi is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 301, the suburb has an older demographic with a median age of 55. Households earn a median income of $87K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Wollombi is $800,000, having dropped significantly 15.6% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Public transport access includes 7 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Wollombi offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -15.6% year-on-year.
Wollombi is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 301, the suburb has an older demographic with a median age of 55. Households earn a median income of $87K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Wollombi is $800,000, having dropped significantly 15.6% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,733.
Public transport access includes 7 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Wollombi offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -15.6% year-on-year.