Woolloomooloo

POSTAL CODE: NSW, 2011
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Property investments in WOOLLOOMOOLOO did not fare well against the rest of the country last year, registering a median home price decrease of -12.58%.

Figures from the previous quarter show that capital gains for real estate buyers in WOOLLOOMOOLOO are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WOOLLOOMOOLOO, 2011 saw average growth in the long term.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WOOLLOOMOOLOO, homes and units usually stay on listing for an average of 92.9 days.

the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,042,500

Investors saw the median home price rise to $1,042,500.

WOOLLOOMOOLOO ranks 363rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.99% return.

Surburb overview

Woolloomooloo, NSW 2011, is a harbourside inner-city suburb just 1.5 kilometres east of Sydney’s central business district. It has a population of around 3,792, with a median age of 39. The suburb is known for its mix of residential options, from luxurious apartments on the iconic Finger Wharf to heritage-listed terraces and many public housing units.

Woolloomooloo’s demographic profile is diverse, with 45.1% of residents born in Australia and a high proportion of people born overseas. The most common ancestries are English (21.5%), Australian (14.2%), and Irish (9.1%). Most residents speak English at home, though other languages such as French, Vietnamese, and Mandarin are common.

The suburb has a unique mix of affluence and social diversity, making it popular with professionals, singles, and students. Public transportation is easily accessible, with regular bus services and the nearby Kings Cross train station. Woolloomooloo’s prime location provides easy access to the Royal Botanic Garden, Sydney Opera House, and other significant landmarks.

The area is known for its vibrant dining and nightlife scene, with numerous restaurants and bars along the waterfront and surrounding streets. Iconic eateries like Harry’s Café de Wheels are famous attractions in the suburb. Despite its desirable location, Woolloomooloo also faces challenges such as homelessness and higher crime rates compared to other Sydney suburbs.

Overall, Woolloomooloo offers a mix of historic charm, modern amenities, and scenic waterfront views, making it a dynamic and culturally rich part of Sydney.

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