Big Springs is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 135, the suburb has a mature demographic with a median age of 49. Households earn a median income of $89K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Big Springs is $1.4 million, having dropped significantly 13.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,857.
Public transport access includes 3 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Big Springs offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 15.6x is considered stretched. House prices have moved -13.5% year-on-year.
Big Springs is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 135, the suburb has a mature demographic with a median age of 49. Households earn a median income of $89K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Big Springs is $1.4 million, having dropped significantly 13.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,857.
Public transport access includes 3 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Big Springs offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 15.6x is considered stretched. House prices have moved -13.5% year-on-year.