Woombah (postcode 2469) is a close-knit residential community in New South Wales within the Clarence Valley local government area. It is home to about 965 residents, with an older demographic and a median age of 56. Households earn a median income of $50K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Woombah is $900,000, having risen solidly by 9.1% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,300.
Public transport access includes 1 ferry wharf, 9 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
Looking at the investment signals, Woombah shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices sit below the state median ($900K/$1.5M), which can point to relative value. The price-to-income ratio of 18.2x is considered stretched. House prices have moved +9.1% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.