Question 1

Is Greenwell Point a nice place to live?

Accepted Answer

Greenwell Point is a quiet coastal village on the Crookhaven River estuary with a working waterfront. Oyster leases, fishing boats, a marina and a handful of seafood shops and cafes give it a maritime character, and daily life centres on boating, fishing and fresh seafood. Housing is low density, ranging from weatherboard cottages to modern waterfront homes, and road links to Nowra provide access to wider services.

The community of 1,245 has a median age of 58 and a typical household income of $1,096 a week, roughly $57,000 a year. Homes are largely owner-occupied, about 79.4% owned and 20.6% rented, and the suburb attracts retirees, families and people after a slower coastal pace. The main wharf is currently restricted to pedestrian access while a structural engineering report is awaited, boat-launching and foreshore facilities are under review, and state and council plans identify the wharf and the Adelaide Street/Wharf Road boat ramp for upgrade or refurbishment, with proposals for amenities at Titania Park and bank protection works.

Question 2

Is it expensive to live in Greenwell Point?

Accepted Answer

On the figures, buying a house in Greenwell Point sits well above what local households earned at the last Census. A median house price of $802,500 is about 14.1 times a typical local annual household income at the last Census.

Renting looks less stretched than buying but still substantial: a house rent of $580 a week would take about 53.0% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $370 a week would take roughly 33.8%, a sizeable share. If you're renting rather than buying, those rental shares are the most relevant numbers to consider.

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 Greenwell Point a good place to invest?

Accepted Answer

House rents in Greenwell Point fell 2.5% over the past 12 months. For anyone prioritising rental income, that modest decline is the figure to watch — it shows the rent a house would have earned decreased over the year. Whether that fits your plans depends on your objectives and circumstances.

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	$803K	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	73	N/A
Average rent Past 12 months	$580	$370
Change in rent Past 12 months	-2.5%	N/A

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