Question 1

Is Cape Woolamai a nice place to live?

Accepted Answer

Cape Woolamai on Phillip Island is a coastal suburb shaped by a dramatic granite headland, a long surf beach and broad sand dunes. A popular coastal walking track runs past sculpted rock formations and coastal heath, and the area attracts surfers, bushwalkers and people after a quieter seaside life. Housing ranges from weatherboard beach cottages to more recent coastal homes tucked into dune-backed streets, while local facilities are modest and many services are accessed in nearby island towns.

The community of 2,301 has a median age of 43 and a typical household income of about $1,471 a week. Households are strongly family-oriented, with couple families making up 85.5% of reported families, and most homes are owner-occupied (78.1%). Recent works have improved beach access, dune stabilisation and the shared path, and planning is under way for recreational features such as a pump track at Sunnyside Reserve. That mix will suit people who prioritise outdoor recreation and coastal living over close-in urban services.

Question 2

Is it expensive to live in Cape Woolamai?

Accepted Answer

A house renting at $495 a week in Cape Woolamai would take about a third of a typical local household's weekly income as recorded at the most recent Census, roughly 33.7%. On these figures, rent would take a sizeable share of a typical local household's income at the last Census.

For people who are renting, that rent share is the most relevant number to consider; whether it 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 Cape Woolamai a good place to invest?

Accepted Answer

Over the past 12 months in Cape Woolamai, house rents climbed 5.3% while median house values rose a more modest 2.6%. That means the rent a house earns increased faster than its sale price did this year, so rental income has been the stronger performer; whether that pattern fits your plans depends on whether you prioritise income or capital growth.

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	N/A	N/A
Change in value Past 12 months	2.6%	N/A
Sold Past 3 months	9	N/A
Median days on market Past 12 months	60	N/A
Average rent Past 12 months	$495	N/A
Change in rent Past 12 months	5.3%	N/A

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