Wolumla is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 767, the suburb has a mature demographic with a median age of 45. Households earn a median income of $73K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Wolumla is $1.0 million, having surged 30.2% over the past year. Units have a median price of $407,000 (-4.2% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. 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 2,293 incidents per 100,000 population.
From an investment perspective, Wolumla offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +30.2% year-on-year.
Wolumla is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 767, the suburb has a mature demographic with a median age of 45. Households earn a median income of $73K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Wolumla is $1.0 million, having surged 30.2% over the past year. Units have a median price of $407,000 (-4.2% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.0%. 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 2,293 incidents per 100,000 population.
From an investment perspective, Wolumla offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +30.2% year-on-year.