Wolumla (postcode 2550) is a small locality in New South Wales within the Bega Valley local government area. With a population of 767, the suburb has an older-leaning population with a median age of 45. Households earn a median income of $73K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, community & personal service, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Wolumla stand at $788,000, having dipped slightly by 1.6% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Wolumla is served by 1 school, including 1 primary. The average ICSEA score is 931, which is below the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Bega Valley LGA is below average at 2,313 incidents per 100,000 population.
From an investment perspective, Wolumla shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices sit below the state median ($788K/$1.5M), which can point to relative value. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -1.6% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.