Nowendoc is a quiet locality in New South Wales within the Walcha local government area (postcode 2354). With a population of 88, the suburb has an older demographic with a median age of 62. Households earn a median income of $57K per year, with an average household size of 1.9 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Nowendoc is $450,000, having dropped significantly 80.9% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $561.
Public transport access includes 2 bus stops. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Nowendoc offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -80.9% year-on-year.
Nowendoc is a quiet locality in New South Wales within the Walcha local government area (postcode 2354). With a population of 88, the suburb has an older demographic with a median age of 62. Households earn a median income of $57K per year, with an average household size of 1.9 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Nowendoc is $450,000, having dropped significantly 80.9% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $561.
Public transport access includes 2 bus stops. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Nowendoc offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -80.9% year-on-year.