Woomargama (postcode 2644) is a quiet locality in New South Wales within the Greater Hume Shire local government area. The area has roughly 173 residents and an established demographic, with a median age of 44. Households earn a median income of $82K per year, with an average household size of 2.5 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, machinery operators & drivers, managers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Woomargama stand at $775,000, having surged by 135.6% over the last twelve months. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,200.
Public transport access includes 1 rail station, 17 bus stops. The crime rate in the Greater Hume Shire LGA is below average at 2,298 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices sit below the state median ($775K/$1.5M), which can point to relative value. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +135.6% year-on-year.