Nowendoc (postcode 2354) is a sparsely populated locality in New South Wales within the Walcha local government area. 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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, clerical & administrative, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Scottish.
The median house price in Nowendoc is $120,000, broadly unchanged over the past year. The current median weekly rent is $318. This gives a gross rental yield of approximately 13.8%. 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.
On the investment side, Nowendoc shows a gross rental yield of approximately 13.8%, rated as high yield. Property prices sit below the state median ($120K/$1.5M), which can point to relative value. The price-to-income ratio of 2.1x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.