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Woolamai, VIC 3995
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,755,000
market range $1.1M-$1.8M
Median Unit
$555,000
Gross Yield (houses)
1.6%
1yr Growth (houses)
+2.9%
market range -5.0% to +22.5%
Investment snapshot for Woolamai
Woolamai has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Woolamai market and investor summary
In Woolamai, VIC 3995, the median house sells for around $1.8M, on a gross rental yield of 1.6% for houses. House prices have moved +2.9% over the past year. At 6.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.6% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 150 days on market, so plan for a slower exit if you ever need one.
Living in Woolamai: people, income and schools
Woolamai is home to around 245 people, and the area has been growing steadily, up about 14% over five years. At a median age of 52, it reads as an older, established demographic, and 83% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $73,000 a year (about $1,400 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 24.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
It is fairly car-dependent; the suburb scores 14 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 245
- +14% over 5yr
- Median age
- 52 years
- Median household income
- $73,000/yr
- Households renting
- 10%
- Family households
- 71%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 3.4%
- Walk score
- 14/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Woolamai
No properties currently listed in Woolamai
Search Woolamai listings →Frequently asked questions about Woolamai
What should I check before investing in Woolamai?
Woolamai has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Woolamai?
The median property price in Woolamai, VIC 3995 is $1.8M for houses and $555K for units.
What rental yield does Woolamai show?
The gross rental yield in Woolamai is 1.6% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Woolamai?
House prices in Woolamai are up 2.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Woolamai?
The current vacancy rate in Woolamai is 6.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Woolamai?
Woolamai has a population of approximately 245 residents, with a median age of 52.
Is Woolamai affordable to buy in?
A median house in Woolamai costs about 24.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Woolamai's population growing?
The population of Woolamai has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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