Wakool is a small, quiet locality in New South Wales within the Murray River local government area (postcode 2710). With a population of 262, the suburb has a mature demographic with a median age of 49. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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 managers, community & personal service, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Wakool stand at $218,000, having risen steeply by 45% over the last twelve months. The current median weekly rent is $388. This gives a gross rental yield of approximately 9.3%. The median monthly mortgage repayment is $500.
Wakool is served by 1 school, including 1 primary. The average ICSEA score is 849, which is well below the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.3% (high yield). Property prices sit below the state median ($218K/$1.5M), which can point to relative value. The price-to-income ratio of 4.7x is considered affordable. House prices have moved +45.0% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.