Lake Wyangan is a small community in New South Wales within the Griffith local government area (postcode 2680). With a population of 877, the suburb has an established demographic with a median age of 44. Households earn a median income of $115K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Italian, Australian, English.
The median house price in Lake Wyangan is $330,000, having dropped significantly 38.5% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 7.5%. The median monthly mortgage repayment is $1,800.
Lake Wyangan is served by 1 school, including 1 primary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 52 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Lake Wyangan offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($330K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -38.5% year-on-year.
Lake Wyangan is a small community in New South Wales within the Griffith local government area (postcode 2680). With a population of 877, the suburb has an established demographic with a median age of 44. Households earn a median income of $115K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Italian, Australian, English.
The median house price in Lake Wyangan is $330,000, having dropped significantly 38.5% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 7.5%. The median monthly mortgage repayment is $1,800.
Lake Wyangan is served by 1 school, including 1 primary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 52 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Lake Wyangan offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($330K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -38.5% year-on-year.