Downside is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 124, the suburb has a mature demographic with a median age of 46. Households earn a median income of $134K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Downside is $2.5 million, having surged 93.9% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $1,733.
Public transport access includes 14 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Downside offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.6x is considered stretched. House prices have moved +93.9% year-on-year.
Downside is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 124, the suburb has a mature demographic with a median age of 46. Households earn a median income of $134K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Downside is $2.5 million, having surged 93.9% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $1,733.
Public transport access includes 14 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Downside offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.6x is considered stretched. House prices have moved +93.9% year-on-year.