7 Philip Street, Wolumla NSW 2550
This property is Off Market
- Last sold 9/1/2022 for $570,000. The Average property price in this area is $761,036, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 10.87 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/21/2024 523 CANDELO WOLUMLA RD $935,000
- 9/11/2024 491 CANDELO WOLUMLA RD $895,000
- 9/6/2024 16 SCOTT ST $750,000
- 7/30/2024 407 CANDELO WOLUMLA RD $1,150,000
- 7/18/2024 23 PHILIP ST $650,000
About Bega-Eden Hinterland
With an average age of 38, households expect an average monthly mortgage payment of $1,460 or a weekly rent payment of $400. The average family earns a weekly income of $1,569 with a typical household size of 2.6 and a 99.16% employment rate.
In Wolumla 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 Wolumla 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 Wolumla 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Wolumla the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
General Points of Interest
Sapphire Coast Kart Club
Population
(Country of Birth not stated 6%)
Are people healthy?
There are a recorded 1249 asthma sufferers and 692 people living with diabetes. In addition, 569 people have a heart/vascular condition and 1205 people live with three or more chronic diseases.A good place to invest in property?
Bega-Eden Hinterland 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
09 / 100
31 / 100
Industry
08 / 100
22 / 100
Population
09 / 100
19 / 100
House Prices
42 / 100
60 / 100
Jobs
16 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsBega HS Wolumla PS
-
St Patrick's Primary School
Bega, NSW, 2550 Independent K-6 -
Lumen Christi Catholic College
Pambula Beach, NSW, 2549 Independent K-12 -
Bournda Environmental Education Centre
Kalaru, NSW, 2550 State -
Candelo Public School
Candelo, NSW, 2550 State K-6 -
Pambula Public School
Pambula, NSW, 2549 State K-6 -
Sapphire Coast Anglican College
Bega, NSW, 2550 Independent K-12 -
Wolumla Public School
Wolumla, NSW, 2550 State K-6 -
Merimbula Public School
Merimbula, NSW, 2548 State K-6
Property Story
7 Philip Street, Wolumla, Nsw, 2550 is a residential property with 3 bedrooms, 1 bathrooms and 2 Parking spaces. The estimated value of this home is $570,000 while properties of this type typically sell for between $595,000 and $650,000 in this suburb. The estimated distance to the sea is 10.87km and 0.19KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
Join usAlready have an account? Sign in
-
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.
Report this property
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure
