Located in New South Wales within the Shoalhaven local government area, Worrowing Heights is a close-knit residential community (postcode 2540). With a population of 713, the suburb has a more retirement-aged population with a median age of 77. Households earn a median income of $40K per year, with an average household size of 1.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 clerical & administrative, community & personal service, managers. Employment in the area leans toward retail trade and construction. The top ancestries reported are English, Australian, Irish.
Worrowing Heights has a median house price of $1.1 million, holding roughly steady year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $503.
Public transport access includes 6 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.7% (low yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 27.6x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.