This property is Off Market
With an average age of 56, households expect an average monthly mortgage payment of $1,625 or a weekly rent payment of $370. The average family earns a weekly income of $1,292 with a typical household size of 2.3 and a 98.28% employment rate.
In Woombah there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Woombah is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Woombah changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Woombah to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Woombah we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Woombah a better buying opportunity than it may have been in the past.
(Country of Birth not stated 10%)
Maclean - Yamba - Iluka a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
06 / 100
31 / 100
Industry
13 / 100
22 / 100
Population
16 / 100
19 / 100
House Prices
49 / 100
60 / 100
Jobs
18 / 100
29 / 100
Incidents Trend State Average
Harwood Island Public School
Harwood, NSW, 2465 State K-6
St James' Primary School
Yamba, NSW, 2464 Independent K-6
Maclean Public School
Maclean, NSW, 2463 State K-6
Iluka Public School
Iluka, NSW, 2466 State K-6
Yamba Public School
Yamba, NSW, 2464 State K-6
Palmers Island Public School
Palmers Island, NSW, 2463 State K-6
Pacific Valley Christian School
Townsend, NSW, 2463 Independent K-12
Chatsworth Island Public School
Chatsworth, NSW, 2469 State K-6
St Joseph's Primary School
Maclean, NSW, 2463 Independent K-6
Valley Hope School
Townsend, NSW, 2463 Independent U
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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