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Bass Coast Shire

Cape Woolamai

Cape Woolamai Property Market
& Suburb Profile

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MEDIAN PRICES IN CAPE WOOLAMAI

Median house price

(all agencies, last 12 months)$710k*

House price change

(all agencies, last 12 months)-7.97%

Median unit price

(all agencies, last 12 months)$675k*

Unit price change

(all agencies, last 12 months)+13.73%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CAPE WOOLAMAI price TRACKER

HousesUnits

Cape Woolamai sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)105

Average days on market (units)

(all agencies, 12 months)14

Average held period in Cape Woolamai

(proptrack)8 years

Cape Woolamai Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$493pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$453pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.88%

Average rental yield for Units

(all agencies, last 12 months)4.14%

Cape Woolamai total population size

(as at the last census)2,301

Median household size in Cape Woolamai

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Cape Woolamai property types

  • Houses 66%
  • Units 1%
  • Other 33%

OCCUPANCY in Cape Woolamai

  • Owned 75%
  • Rented 21%
  • Other/Not Stated 4%
  • Singles 26%
  • Families 71%
  • Other 3%

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About Cape Woolamai

Located at the southeastern tip of Phillip Island, Cape Woolamai offers a stunning coastal lifestyle with breathtaking natural beauty. This vibrant suburb is ideal for families, retirees, surfers, and nature enthusiasts who appreciate a blend of seaside tranquility and adventure.

Cape Woolamai is known for its friendly and active community. The suburb exudes a relaxed beachside vibe, attracting residents who enjoy a laid-back lifestyle with plenty of outdoor activities. The community spirit is strong, with local events and gatherings fostering a welcoming and inclusive atmosphere.

The real estate market in Cape Woolamai features a mix of stylish modern homes, charming beach cottages, and luxurious waterfront properties. With a range of options Cape Woolamai caters to various tastes and budgets. The stunning ocean views and proximity to the beach make this suburb highly desirable for both permanent residents and holiday homeowners.

Cape Woolamai is well-served by essential amenities. The nearby towns of San Remo and Cowes provide additional services, including shopping centres, healthcare facilities, and a variety of dining options. Families have access to quality education with several primary and secondary schools in the surrounding areas, ensuring children receive excellent schooling.

Outdoor enthusiasts will find plenty to do in Cape Woolamai. The area is renowned for its pristine beaches, ideal for swimming, surfing, and fishing. The Cape Woolamai Surf Beach is particularly famous for its excellent surf conditions. Additionally, the Cape Woolamai State Faunal Reserve offers stunning walking trails with panoramic views, perfect for hiking and birdwatching.

For those interested in wildlife, the nearby Phillip Island Nature Parks provide opportunities to see penguins, seals, and other native animals in their natural habitats. The area also hosts a variety of local markets, festivals, and community events, adding to the vibrant local culture.

Cape Woolamai is easily accessible by road, with the suburb being approximately a 90-minute drive from Melbourne. Public transport services are available, including bus routes connecting to other parts of Phillip Island and the mainland. The suburb’s proximity to the Phillip Island Bridge ensures convenient access to and from the island.

Cape Woolamai is experiencing steady growth, attracting a diverse population of families, professionals, and retirees. The suburb’s appeal lies in its beautiful coastal setting, strong community spirit, and range of recreational activities. As more people discover the charm of coastal living, Cape Woolamai continues to grow in popularity.

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Sales Comparison

Find out how Cape Woolamai median sales prices compare to neighbouring suburbs.

Cape Woolamai MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202558$692,500-7.96%48$473pw4.01%
202441$707,500no change44$469pw3.67%
202363$718,000-10.13%44$449pw3.44%
202253$439,50016.15%38$437pw3.33%
202191$652,12537.22%35$409pw3.15%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202558$692,500-7.96%
202441$707,500no change
202363$718,000-10.13%
202253$439,500+16.15%
202191$652,125+37.22%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202548$473pw4.01%
202444$469pw3.67%
202344$449pw3.44%
202238$437pw3.33%
202135$409pw3.15%

PROUDLY SERVICING Cape Woolamai

Barry Plant
San Remo

75-77 Phillip Island Road
View on Google Maps

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San Remo

Surf Beach

NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.