Rowan is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 105, the suburb has an established demographic with a median age of 43. Households earn a median income of $126K per year, with an average household size of 3.2 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Rowan is $425,000, having dropped significantly 80.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,650.
The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Rowan offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($425K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -80.5% year-on-year.
Rowan is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 105, the suburb has an established demographic with a median age of 43. Households earn a median income of $126K per year, with an average household size of 3.2 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Rowan is $425,000, having dropped significantly 80.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,650.
The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Rowan offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($425K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -80.5% year-on-year.