Wooyung (postcode 2483) is a sparsely populated locality in New South Wales within the Byron local government area. It is home to about 139 residents, with a settled, mature resident base and a median age of 49. Households earn a median income of $57K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 managers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
Wooyung has a median house price of $1.1 million, holding roughly steady year-on-year. The current median weekly rent is $740. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,517.
Public transport access includes 3 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.2x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.