Turvey Park is a smaller residential area in New South Wales within the Wagga Wagga local government area (postcode 2650). It is home to about 3,572 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $93K per year, with an average household size of 2.5 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Turvey Park stand at $800,000, having jumped by 18.2% over the last twelve months. Units have a median price of $405,000 (+7.3% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,517.
Public transport access includes 2 rail stations, 25 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
From an investment perspective, Turvey Park shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), which can point to relative value. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +18.2% 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.