All About Woolgoolga, Coffs Harbour , NSW 2456

Woolgoolga Real Estate Market Outlook

Thinking about buying in Woolgoolga? Now could not be a better time, with 4164 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $857,000 with prices in this suburb ranging from $101,000 to $10,468,000. Woolgoolga is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Woolgoolga 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 Woolgoolga 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. Low average earnings from people in Woolgoolga leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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. Lower than average industry presence in Woolgoolga 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 Woolgoolga a better buying opportunity than it may have been in the past.

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Situated on the Mid North Coast of New South Wales, Woolgoolga is a coastal town on the Pacific Highway. Traditionally a hotspot for the growth of bananas, in recent years several major banana plantations have been replaced with blueberries, marking a shift in the town’s exports. Woolgoolga has two beautiful beaches, Woolgoolga Back Beach and Hearnes Lake beach, both of which feature stunning Pacific seafronts. The climate in the town complements its coastal location, being temperate – the beaches often enjoy sunny weather, making Woolgoolga a popular tourist destination. Woolgoolga has the privilege of being the home of Australia’s largest Sikh population, with 13% of the 5200-strong population identifying as practicing Sikhs; the town also features two Gurdwaras.

The town was first officially gazetted in 1888 under the name ‘Woogoolga’, a corruption of ‘Wiilgulga’, a term used by the Gumbaynggirr Aboriginal people to describe the region – a name which would later be altered slightly in 1966 to its current form. With a median house price of $740,000 AUD, housing in Woolgoolga is cheaper than average in New South Wales, with the regional median sitting at $872,000 AUD. In summary, Woolgoolga is a stunning town, with a thriving culture and breath-taking views of the Pacific ocean abound.

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