Koolewong vs Point Frederick
Koolewong (median $1,115,000) is roughly 46% cheaper to buy into than Point Frederick ($2,081,500).
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Koolewong and Point Frederick side by side
| Measure | Koolewong | Point Frederick |
|---|---|---|
| Price and market | ||
| Median house | $1,115,000 | $2,081,500 |
| Median unit | $316,800 | $316,800 |
| House price change, 12 months | – | -11.4% |
| Renting | ||
| House rent | $650/wk | $693/wk |
| Unit rent | $498/wk | $600/wk |
| Owner occupied | 76.0% | 50.0% |
| Renter occupied | 22.0% | 46.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1008 | 1039 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 20 | 0 |
| Bike score | 25 | 100 |
| Population | 920 | 2,043 |
| Median age | 48 | 48 |
| Climate | ||
| Annual rainfall | 1244 mm | 1257 mm |
| Mean max, January | 27.4°C | 27.6°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Point Frederick (1039) sits above Koolewong (1008). Koolewong skews owner-occupied (76%), Point Frederick runs more rental-dense (50% owner).
- For buyers
- Koolewong is the lower entry point at $1,115,000 median, 46% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Koolewong offers the higher gross rental yield (3.03% vs 1.73%), favouring cash-flow investors.
- For families
- Point Frederick edges out on average school ICSEA (1039 vs 1008). Koolewong also has a higher family-household share (72% vs 60%), so the catchment community skews family-heavy.
Koolewong vs Point Frederick: common questions
Is Koolewong or Point Frederick cheaper to buy in?
Koolewong has the lower median house price at $1,115,000, roughly 46% below Point Frederick ($2,081,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Koolewong or Point Frederick have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Point Frederick scores 1039 vs 1008 in Koolewong. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Koolewong or Point Frederick?
Gross rental yield on houses is 3.03% in Koolewong vs 1.73% in Point Frederick. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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