Lightning Ridge is a small community in New South Wales within the Walgett local government area (postcode 2834). With a population of 1,946, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are community & personal service, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Lightning Ridge is $52,000, having surged 21.9% over the past year. Units have a median price of $45,000. The current median weekly rent is $320. This gives a gross rental yield of approximately 32.1%. The median monthly mortgage repayment is $867.
Lightning Ridge is served by 1 school, including 1 combined. The average ICSEA score is 790, which is well below the national average of 1,000. Public transport access includes 72 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Lightning Ridge offers a gross rental yield of 32.1%, rated as high yield. Property prices sit below the state median ($52K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved +21.9% year-on-year.
Lightning Ridge is a small community in New South Wales within the Walgett local government area (postcode 2834). With a population of 1,946, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are community & personal service, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Lightning Ridge is $52,000, having surged 21.9% over the past year. Units have a median price of $45,000. The current median weekly rent is $320. This gives a gross rental yield of approximately 32.1%. The median monthly mortgage repayment is $867.
Lightning Ridge is served by 1 school, including 1 combined. The average ICSEA score is 790, which is well below the national average of 1,000. Public transport access includes 72 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Lightning Ridge offers a gross rental yield of 32.1%, rated as high yield. Property prices sit below the state median ($52K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved +21.9% year-on-year.