Wagstaffe is a small, quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2257). The area has roughly 240 residents and a predominantly older resident base, with a median age of 60. Households earn a median income of $98K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, managers, technicians & trades. Employment in the area leans toward finance & insurance and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Wagstaffe stand at $1.5 million, having fallen sharply by 52.4% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
From an investment perspective, Wagstaffe shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.2x is considered stretched. House prices have moved -52.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.