Question 1

Is Woolgoolga a nice place to live?

Accepted Answer

Woolgoolga is a mid-north coast beachside town centred on a long sandy shoreline and a rocky headland with coastal walking tracks. It has a laid-back, family-oriented character, a visible Sikh community and gurdwara that is prominent during annual cultural celebrations, and housing that ranges from older weatherboard cottages to brick and contemporary coastal homes. The town is home to 6,151 people with a median age of 45, and most homes are owner-occupied, so the community is largely couples and families.

Day-to-day life revolves around a compact commercial centre, seaside cafés and outdoor pursuits such as surfing and fishing, with an agricultural hinterland of berry and horticultural farms nearby. The town has been the focus of a council-led town-centre renewal program, the Woolgoolga Whale Trail links the beach reserve to the Solitary Islands Coastal Walk, and there are design concepts for a pool upgrade though redevelopment has been deferred. A community health centre serves local needs, with major hospital services accessed at the expanded Coffs Harbour Health Campus and road links to larger regional centres. Whether that mix suits you depends on what you want from a coastal town.

Question 2

Is it expensive to live in Woolgoolga?

Accepted Answer

At a median house price of $1,165,000 in Woolgoolga, buying a house works out to about 18.8 times a typical local annual household income at the last Census. Renting also takes a large share of local incomes: a house rent of $630 a week is about 52.9% of a typical local household's $1,190 weekly income at the last Census, and a unit rent of $550 a week is about 46.2%. On these figures, both buying and renting sit well above what a typical local household earned at the last Census, and 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 Woolgoolga a good place to invest?

Accepted Answer

Over the past 12 months Woolgoolga's median house value rose a modest 4.7%. Unit values increased a solid 7.1%, while the rent a unit earns climbed a strong 13.4%.

That means on the unit side rental income grew faster than capital value this year, and unit prices rose more than house prices. Which of those outcomes matters to you depends on whether you are prioritising rental 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	$1.17M	N/A
Change in value Past 12 months	4.7%	7.1%
Sold Past 3 months	15	4
Median days on market Past 12 months	51	77
Average rent Past 12 months	$630	$550
Change in rent Past 12 months	N/A	13.4%

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