Question 1

Is Winmalee a nice place to live?

Accepted Answer

Winmalee sits on the lower Blue Mountains escarpment and reads like a bushland village, with tree-lined streets, native reserves and frequent valley views. Housing is mainly detached on generous, sloping blocks, ranging from older weatherboard cottages to more recent brick builds. It attracts families and people after a quieter, semi-rural lifestyle; the population is 6,388 with a median age of 40, and couple families (with and without children) account for 86.1% of families. Most homes are owner-occupied, about 88.0%, while 12.0% are rented.

Everyday life is centred on a small shopping centre, community sports fields and local parks, with easy access to walking trails, lookouts and the national park. Road links via the Great Western Highway and rail services in nearby towns provide connections to the city. The suburb is the focus of a long-running wastewater improvement program, and local projects include the Yellow Rock Community Space, which is open with a bike-path loop, upgraded play equipment and landscaping, plus a canopy-renewal planting program at the commercial centre and Whitton Park. Whether Winmalee suits you depends on how much you value a settled, bushland-focused setting with those amenities.

Question 2

Is it expensive to live in Winmalee?

Accepted Answer

Buying a house in Winmalee works out to about 8.8 times a typical local household's annual income as recorded at the most recent Census, which places purchase prices well above local incomes. A house rent of about $730 a week would take roughly 34% of a typical local household's weekly income at the last Census, a sizeable share. On these figures, renting looks the more manageable route while buying is the more stretched option against local incomes.

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 Winmalee a good place to invest?

Accepted Answer

Over the past 12 months house values in Winmalee rose 5.5%, a solid increase in capital value, while house rents increased 4.3%, a more modest rise in rental income. That means, on the figures shown, capital growth outpaced rental growth this year. If rental income is your priority the 4.3% rent change is the most relevant number; if you care about capital gains, the 5.5% change is the key figure. Whether that balance suits your plans depends on your own goals 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	$985K	N/A
Change in value Past 12 months	5.5%	N/A
Sold Past 3 months	19	N/A
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$730	N/A
Change in rent Past 12 months	4.3%	N/A

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