Wakeley (postcode 2176) is a smaller residential area in New South Wales within the Fairfield local government area. The area has roughly 4,893 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $81K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Vietnamese, Chinese, Australian.
Wakeley has a median house price of $1.4 million, which has moved higher by 2.9% year-on-year. Units have a median price of $875,000 (+4.8% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,058.
Wakeley is served by 1 school, including 1 secondary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Fairfield LGA is below average at 2,252 incidents per 100,000 population.
Looking at the investment signals, Wakeley shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 17.3x is considered stretched. House prices have moved +2.9% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.