Gelston Park is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 160, the suburb has a mature demographic with a median age of 47. Households earn a median income of $127K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Gelston Park is $1.3 million, having dropped significantly 19.4% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,184.
The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Gelston Park offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -19.4% year-on-year.
Gelston Park is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 160, the suburb has a mature demographic with a median age of 47. Households earn a median income of $127K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Gelston Park is $1.3 million, having dropped significantly 19.4% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,184.
The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Gelston Park offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -19.4% year-on-year.