Cape Woolamai
Suburb profile, market snapshot and recent listings for Cape Woolamai, VIC 3925.
About Cape Woolamai
Welcome to Cape Woolamai
Cape Woolamai occupies the south-eastern tip of Phillip Island, about 140 kilometres south-east of Melbourne's CBD via the South Gippsland Highway and the San Remo bridge. It's a low-key coastal community wrapped around one of Victoria's best surf beaches, with the granite headland that gives the suburb its name rising dramatically at the town's edge.
This is a place for people who want the beach as their backyard rather than a weekend drive away — surfers, retirees, holiday-home owners and families drawn to a quieter alternative to Cowes, just up the road. With a population of 2,301 and a median age of 43, it has the settled, unhurried feel of a seaside town that fills up in summer and breathes easy the rest of the year.
Lifestyle & dining
Life in Cape Woolamai revolves around the coastline. The main beach is renowned among surfers as one of the best breaks in Victoria, and the walking track around Woolamai Head takes in dramatic granite cliffs, shearwater rookeries and sweeping views back across to San Remo and the mainland. It's a barefoot, boardshorts kind of place rather than a café-strip destination.
For dining and everyday indulgences, most residents head a few minutes up the road into Newhaven or San Remo, or further on to Cowes, where the choice of restaurants, pubs and takeaway expands considerably. Locally, a handful of shops and eateries near the beach cover the basics, keeping the pace deliberately unhurried.
Shopping
Cape Woolamai itself is light on retail, with a small local strip servicing daily needs. Bigger shopping trips mean a short drive to San Remo, which has a good bakery, fishing co-op and general retail, or on to Cowes, the commercial heart of Phillip Island, with its supermarkets, boutiques and weekend markets.
Getting around
The suburb connects to the mainland via San Remo and the Phillip Island bridge, making car ownership essential — there's no train line on the island, and public bus services run but are limited compared to Melbourne's suburbs. The drive to Melbourne's CBD takes a little under two hours via the M1 and South Gippsland Highway, making Cape Woolamai realistic as a weekend or holiday base rather than a daily commuter suburb, though some residents do make the trip for work.
Locally, the compact layout means many trips around the point, to the beach or into Newhaven can easily be done on foot or by bike.
Parks & recreation
Beyond the famous surf beach, Cape Woolamai's drawcard is the Woolamai Head Bushland Reserve, home to one of the largest short-tailed shearwater colonies in the world and a network of walking tracks with genuinely spectacular coastal scenery. Surf lifesaving patrols operate over summer, and the surrounding dunes and rock formations make it a popular spot for photography, fishing and birdwatching alike.
Housing & architecture
Housing here is dominated by low-rise beach houses and holiday homes, reflecting the suburb's character as a coastal retreat. Current listings show houses make up 78% of stock, with land sales at 18% and a small proportion of townhouses (4%) — indicative of a market still built around standalone blocks rather than higher-density living. Styles range from older weatherboard beach shacks to newer builds designed to make the most of coastal views and sea breezes.
The property market
Cape Woolamai's median house price currently sits at $680,000, with recent figures showing a pullback of 2.6% — a reminder that holiday and coastal markets like this one can move differently to the mainland, often tracking broader shifts in discretionary and investment buying. Median rent is $470 a week, appealing to both permanent residents and those renting out holiday homes in the off-season.
The available land component in current listings points to some ongoing scope for new building, which is worth noting for buyers comparing Cape Woolamai with more built-out neighbours like Newhaven and San Remo. For those after a coastal lifestyle property or a long-term holiday base within striking distance of Melbourne, it remains one of the more accessible entry points on Phillip Island.
Market snapshot
Cape Woolamai property market
Median sale price
$680k
House · 3 bed
Median rent
$470
per week
Gross rental yield
3.6%
annual rent ÷ sale price
Typical price range
Entry
$575k
Median
$680k
Premium
$977k
Days on market
36
Auction clearance
0%
Sold this year
38
Median sold price trend · House 3 bed
Compound growth -4.5% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Cape Woolamai by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Cape Woolamai, VIC 3925.
Population
2,301
residents (2021)
Median age
43
years
Household income
$1,471
median, per week
Median rent
$340
per week
Median mortgage
$1,500
per month
Mortgage / income
24%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Cape Woolamai
$550k
15 Surfers Drive
Sold ~July 2026
$885k
22 Corona Road
Sold ~July 2026
$590k
6 Summerhays Avenue
Sold ~July 2026
$970k
25 Broadwater Avenue
Sold ~July 2026
$940k
64 Panorama Drive
Sold ~June 2026
$460k
6 Vista Place
Sold ~June 2026
$760k
91 Woolamai Beach Road
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Cape Woolamai
Compare the area
Price map around Cape Woolamai
Every listing for sale near Cape Woolamai, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Cape Woolamai suburb FAQ
What is the median property price in Cape Woolamai?
The median house price in Cape Woolamai, VIC is $680k for a 3-bedroom home. Over the past year, median sold prices have fallen about 2.6%.
How much is rent in Cape Woolamai?
The median weekly rent in Cape Woolamai is around $470 per week.
Is Cape Woolamai a good place to live?
Cape Woolamai is a town and headland at the south eastern tip of Phillip Island in Victoria, Australia. Cape Woolamai is an established residential suburb in VIC, with a population of around 2,301.
What is the population of Cape Woolamai?
Cape Woolamai has a population of 2,301 (ABS 2021 Census), with a median age of 43.
How long do homes take to sell in Cape Woolamai?
Properties in Cape Woolamai take around 36 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Cape Woolamai?
Entry-level properties in Cape Woolamai start around $575k, while premium homes reach $977k.
What suburbs are near Cape Woolamai?
Suburbs near Cape Woolamai include Newhaven, San Remo and Phillip Island.
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