Question 1

Is Wollongbar a nice place to live?

Accepted Answer

Wollongbar is a semi-rural village on the outskirts of Lismore, set among gently rolling farmland and rainforest fringe. The compact town centre has local shops, community facilities and a sports ground, while housing mixes small acreage blocks, older timber cottages and suburban-style homes. The suburb is home to 3,261 people with a median age of 40, and families are prominent: couples with and without children together account for just over four in five families. Around three in four households are owner-occupied.

Days in Wollongbar tend to involve local produce, community events and easy access to hinterland bushland and the coast for weekend recreation. The area attracts families, people after a quieter rural lifestyle and commuters to the regional centre. Regional water-supply upgrades are under way and a new public preschool is planned at Wollongbar Public School, which may matter if you have young children. Whether it suits you depends on whether a green, semi-rural base within reach of a regional centre fits your needs.

Question 2

Is it expensive to live in Wollongbar?

Accepted Answer

Buying a house in Wollongbar sits well above local incomes: the current median house price of $1,055,000 is about 12.4 times a typical local household's annual income as recorded at the most recent Census. That multiple puts buying well above what people in the area earned at the last Census.

Renting is less stretched than buying but still significant. A house rent of $780 a week would take about 47.5% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $540 a week would take about 33% of that income, roughly a third. Which of those figures matters most depends on whether you plan to rent or buy and on your own 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 Wollongbar a good place to invest?

Accepted Answer

House rents in Wollongbar climbed a strong 11.4% over the past 12 months, while unit rents rose 9.1%. Over the same period house values increased a solid 5.4%, so the rent a house earns outpaced its price growth this year and house rents rose faster than unit rents.

If rental income is your priority, the rent movements are the most relevant figures to consider; if capital growth matters more, the house value change is the number to watch. Whether that balance suits you 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	$1.05M	N/A
Change in value Past 12 months	5.4%	N/A
Sold Past 3 months	14	3
Median days on market Past 12 months	46	N/A
Average rent Past 12 months	$780	$540
Change in rent Past 12 months	11.4%	9.1%

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