Question 1

Is Woolooware a nice place to live?

Accepted Answer

Woolooware sits beside Woolooware Bay and the Port Hacking waterway in the Sutherland Shire, with a quiet bayside character and easy access to Cronulla’s beaches. Families dominate the community and most homes are owner-occupied; the suburb has 5,060 residents, a median age of 39 and a median household income of $2,228 a week. Housing ranges from postwar fibro and weatherboard cottages to newer brick homes and pockets of low-rise apartments around Woolooware station on the Cronulla line.

Everyday life centres on a modest shopping strip and foreshore parklands for walking, cycling and water-based recreation, with community sporting fields and nearby schools supporting family activity. Local additions include the Bay Central retail centre with supermarkets and shops, new waterfront parkland and an inclusive Livvi’s Place playground, while a medical precinct is being delivered in stages and active-transport links and the rail station support local travel. Whether Woolooware suits you depends on whether you want a settled bayside suburb with neighbourhood amenities and reliable rail links.

Question 2

Is it expensive to live in Woolooware?

Accepted Answer

Buying in Woolooware sits well above what a typical local household earned at the last Census. The median house price of $2,430,000 is about 21.0 times a typical local household's annual income as recorded at the most recent Census, and the median unit price of $978,750 is about 8.4 times that annual income, which is also well above local incomes.

Rents are also a large share of a typical local household's weekly income at the last Census: $1,350 a week for a house is roughly 60.6% of that weekly income, while $760 a week for a unit is about 34.1%. On these figures, renting a unit looks less stretched against local incomes than buying, while renting a house would take a large share of a typical local household's weekly income at the last Census.

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 Woolooware a good place to invest?

Accepted Answer

The clearest movements in Woolooware over the past 12 months were on the house side: median house values jumped 19.7% and house rents rose 17.4%. Both are strong increases over the year, with values edging slightly ahead of rents for houses.

Units recorded growth as well, with median unit values up 10.1% and unit rents higher by 8.6% — a strong rise in value and a solid rise in rents. Overall, houses outperformed units on both capital growth and rental income over the year. Whether that pattern suits your plans depends on your individual 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	$2.43M	$979K
Change in value Past 12 months	19.7%	10.1%
Sold Past 3 months	15	18
Median days on market Past 12 months	49	38
Average rent Past 12 months	$1350	$760
Change in rent Past 12 months	17.4%	8.6%

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