Located in New South Wales within the Wagga Wagga local government area, Oura is a small, quiet locality (postcode 2650). With a population of 246, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $101K 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 +0.0% 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 technicians & trades, clerical & administrative, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Oura has a median house price of $939,000, which has risen steeply by 15.6% year-on-year. The current median weekly rent is $540. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,336.
Public transport access includes 14 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
From an investment perspective, Oura shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices sit below the state median ($939K/$1.5M), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +15.6% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.