Woolloomooloo

POSTAL CODE: NSW, 2011
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Property investors have seen a 0% gain in WOOLLOOMOOLOO based on an increase in median home prices for the past three months.

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

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 $2,050,000

Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in WOOLLOOMOOLOO, 2011.

This means, real estate investors could earn a rental income of $1075 based on current median home prices for the suburb.

The gross rental yield in WOOLLOOMOOLOO, 2011 is 2.73%.

An average of 0.83 real estate transactions take place per month in WOOLLOOMOOLOO which translates to 10 per annum.

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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