Located in New South Wales within the Mid-Coast local government area, Waitui is a sparsely populated locality (postcode 2443). The area has roughly 89 residents and a mature demographic, with a median age of 50. Households earn a median income of $66K per year, with an average household size of 2.4 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, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Waitui stand at $1.0 million, having surged by 122.8% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $759.
The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Waitui shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 15.5x is considered stretched. House prices have moved +122.8% 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.