Woy Woy is a settled mid-to-large suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2256). With a population of 11,072, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $60K 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 +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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Woy Woy has a median house price of $1.0 million, which has increased by 2.8% year-on-year. Units have a median price of $920,000 (+22% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,900.
Woy Woy is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 980, which is around the national average of 1,000. Public transport access includes 16 rail stations, 9 ferry wharfves, 72 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, Woy Woy shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +2.8% 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.