Located in New South Wales within the Griffith local government area, Lake Wyangan is a small community (postcode 2680). It is home to about 877 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $115K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Italian, Australian, English.
Lake Wyangan has a median house price of $855,000, which has declined steeply by 28.7% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.0%. 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 4,441 incidents per 100,000 population.
Looking at the investment signals, Lake Wyangan shows a gross rental yield of approximately 3.0%, rated as moderate yield. Property prices sit below the state median ($855K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -28.7% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.