Woolooware (postcode 2230) is a moderately sized suburb in New South Wales within the Sutherland Shire local government area. It is home to about 5,060 residents, with an established demographic and a median age of 39. Households earn a median income of $116K per year, with an average household size of 2.4 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 professionals, managers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Woolooware stand at $2.5 million, having dipped slightly by 0.9% over the last twelve months. Units have a median price of $805,000 (-7.2% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,600.
Woolooware is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1094, which is above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Woolooware shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.5x is considered stretched. House prices have moved -0.9% year-on-year.