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Woongarrah suburb profile

Woongarrah is a rapidly growing suburb located on the Central Coast of New South Wales, offering a blend of suburban tranquility and modern conveniences. Known for its family-friendly atmosphere, Woongarrah features a range of housing options, from contemporary homes to spacious estates, catering to diverse lifestyles. The suburb is well-served by local schools, parks, and shopping centers, making it an ideal choice for families and young professionals. With its proximity to the Pacific Motorway, residents enjoy easy access to both Sydney and Newcastle, enhancing its appeal as a commuter-friendly location. Woongarrah's community spirit and ongoing development continue to attract new residents seeking a balanced lifestyle.

Woongarrah property market performance

Woongarrah’s property market has experienced notable growth, with house values increasing by 8.8% over the past 12 months. The current median house price is $1.07 million. No units have been sold or listed, highlighting a preference for houses in this suburb.

Sales activity has been concentrated on houses, with 28 transactions in the past three months and a rapid median time on market of just 19 days, reflecting strong demand. This brisk turnover suggests an attractive market for house sellers.

In the rental sector, houses have seen a 9.7% increase in average rent, now at $790, indicating a robust rental market. The absence of unit data suggests limited or no inventory for this property type.

HousesUnits
Median price
Past 3 months
$1.04MN/A
Change in value
Past 12 months
8.4%N/A
Sold
Past 3 months
24N/A
Median days on market
Past 12 months
20N/A
Average rent
Past 12 months
$790N/A
Change in rent
Past 12 months
9.7%N/A

5 year median price trend for houses and units

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Woongarrah demographics

Woongarrah, located on the Central Coast of New South Wales, is a suburb that offers a family-friendly environment with a strong sense of community. With a population of 5,962 and a median age of 36, it is a suburb that appeals to both young families and established residents. The area is characterized by its suburban charm and proximity to natural attractions, making it an ideal place for those seeking a balance between urban convenience and a peaceful lifestyle.

The suburb's demographic profile highlights its appeal to families, with 53.9% of households being couple families with children. This is complemented by 28.8% of couple families without children and 16.6% of one-parent families, indicating a diverse family structure within the community. The median total household income of $2,255 per week suggests a relatively comfortable standard of living for its residents.

In terms of property ownership, Woongarrah shows a strong inclination towards home ownership, with 27.9% of properties owned outright and 47.8% owned with a mortgage. This reflects a stable housing market with a significant portion of residents investing in their homes. Additionally, 24.3% of the properties are rented, providing options for those who prefer flexibility. The suburb's combination of family-oriented living, economic stability, and access to amenities makes it a desirable location for many Australians looking to settle down in a supportive community environment.

Suburbs near Woongarrah

Some popular suburbs near Woongarrah include:

  • Hamlyn Terrace: Known for its modern residential developments and family-friendly atmosphere, Hamlyn Terrace is located directly south of Woongarrah.
  • Kanwal: Featuring a mix of established homes and community facilities, Kanwal is situated to the west of Woongarrah.
  • Lake Haven: Known for its shopping centre and recreational amenities, Lake Haven lies to the southwest of Woongarrah.
  • Warnervale: Offering a blend of rural and residential areas with future growth potential, Warnervale is located to the north of Woongarrah.
  • Charmhaven: Known for its proximity to lakes and outdoor activities, Charmhaven is situated to the south of Woongarrah.

How does Woongarrah compare to nearby suburbs?

  • Median house prices: Woongarrah’s median house price is 5.8% higher than Hamlyn Terrace’s.
  • House price growth: Over the past 12 months, house prices in Woongarrah have grown 5.4% higher than in Kanwal.
  • Selling speed for houses: Properties in Woongarrah are selling 4.8% faster than in Hamlyn Terrace.

Choose the right real estate agents in Woongarrah

Choosing the right real estate agent in Woongarrah can have a big impact on your sale. While there are 56 real estate agents working in the suburb, but just 5 of them were responsible for 42.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.38% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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