Question 1

Is Bulli a nice place to live?

Accepted Answer

Bulli is a coastal suburb centred on a long sandy beach and headland, backed by the Illawarra Escarpment. There are coastal walks, clifftop lookouts, bushland access and a beachfront reserve, and the village strip along the highway provides cafes, local shops and a pub. Bulli station on the South Coast line gives a direct rail link to the region, and housing ranges from older timber and sandstone cottages to modern units and renovations, which helps explain its appeal to sea-change buyers, families and commuters seeking beachside living with city access.

The community of 6,798 has a median age of 40 and a typical household income of $2,331 a week (roughly $121,200 a year). Families are the core of the suburb — couple families with children are 55.0% and together with couple families without children (31.6%) make up more than eight in ten family households. Most homes are owner-occupied (35.4% owned outright and 43.1% owned with a mortgage, a combined 78.5%), with 21.4% rented. Planning and transport work is under way on motorway improvements and a possible Bulli bypass, and health and housing activity has included a completed redevelopment of Bulli Hospital and the former hospital site being progressed for smaller, more affordable and accessible homes. Whether that mix suits you depends on what you want from beachside living.

Question 2

Is it expensive to live in Bulli?

Accepted Answer

Buying in Bulli sits well above local incomes at the last Census: the median house price of $1,752,000 is about 14.5 times a typical local annual household income at the last Census. Renting is less stretched by comparison, with $950 a week for a house taking about 40.8% of a typical local household's weekly income at the last Census, a large share, while $550 a week for a unit would take about 23.6%, a moderate share. If you're renting rather than buying, those rent shares are the more relevant figures; whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Bulli a good place to invest?

Accepted Answer

House rents climbed 11.8% over the past 12 months while median house values rose 6.9% over the same period, so on the house side rental income grew faster than prices this year. Unit rents fell 8.3% over the year.

For someone weighing up Bulli as an investment, the house figures point separately to capital growth (the 6.9% rise in values) and to rental income (the 11.8% rise in rents). Whether that balance fits your goals and circumstances is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.75M	N/A
Change in value Past 12 months	6.9%	N/A
Sold Past 3 months	16	1
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$950	$550
Change in rent Past 12 months	11.8%	-8.3%

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