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Wallabi Point suburb profile

Wallabi Point is a picturesque coastal suburb located in New South Wales, known for its stunning beaches and relaxed lifestyle. Situated near the larger town of Old Bar, Wallabi Point offers a serene escape with its pristine coastline and natural beauty. The area is popular among surfers, nature enthusiasts, and those seeking a peaceful seaside retreat. With its close-knit community and laid-back atmosphere, Wallabi Point provides a perfect blend of tranquility and coastal charm. Its proximity to essential amenities in Old Bar and the surrounding region makes it an attractive destination for both residents and visitors.

Wallabi Point property market performance

Wallabi Point’s property market has been relatively inactive over the past 12 months, with house and unit values showing no change. The area saw only 4 house sales, and no unit sales were recorded. With a current median house price at $0, the market activity remains minimal. However, houses have moved relatively quickly with a median of 33 days on the market.

The rental market in Wallabi Point has seen a modest increase, with average house rents rising by 5.6% to $718 over the past year. The unit rental market has not reported any changes, remaining at $0, signaling a lack of activity in this sector.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
1.2%N/A
Sold
Past 3 months
3N/A
Median days on market
Past 12 months
46N/A
Average rent
Past 12 months
$718N/A
Change in rent
Past 12 months
5.6%N/A

5 year median price trend for houses and units

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Wallabi Point demographics

Wallabi Point, a charming coastal suburb in New South Wales, offers a serene lifestyle with its beautiful beaches and close-knit community. With a population of just 938, it provides a peaceful retreat from the hustle and bustle of larger cities. The median age of 45 suggests a mature community, likely comprising families and retirees who appreciate the suburb's tranquil environment and natural beauty.

The suburb's housing landscape is characterized by a high rate of home ownership, with 47.5% of properties owned outright and 33.5% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. Only 19% of properties are rented, reflecting a preference for home ownership and a settled population.

Family life is a significant aspect of Wallabi Point, with 37.7% of families being couples with children and 50% being couples without children. The presence of one-parent families at 12.3% adds to the diversity of family structures in the suburb. The absence of other family types highlights a traditional family-oriented community. Overall, Wallabi Point is an ideal location for those seeking a relaxed lifestyle by the sea, with a strong sense of community and a focus on family living.

Suburbs near Wallabi Point

Some popular suburbs near Wallabi Point include:

  • Old Bar: Known for its beautiful beaches and relaxed coastal lifestyle, Old Bar is located just to the west of Wallabi Point.
  • Diamond Beach: Offering pristine beaches and a peaceful atmosphere, Diamond Beach is situated to the south of Wallabi Point.
  • Red Head: Known for its scenic headlands and natural beauty, Red Head lies to the south of Wallabi Point.
  • Black Head: Featuring a charming village feel with stunning coastal views, Black Head is located further south of Wallabi Point.
  • Tallwoods Village: Known for its golf course and tranquil residential setting, Tallwoods Village is situated southwest of Wallabi Point.

How does Wallabi Point compare to nearby suburbs?

  • Median house prices: Wallabi Point’s median house price is 28.8% higher than Old Bar’s.
  • House price growth: Over the past 12 months, house prices in Wallabi Point have grown 5.2% higher than in Diamond Beach.
  • Selling speed for houses: Properties in Wallabi Point are selling 14.8% faster than in Old Bar.

Choose the right real estate agents in Wallabi Point

There are 5 real estate agents in Wallabi Point, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 100.0% of all sales in the past year.

Commission rates in Wallabi Point typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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