Walcha is a smaller suburb in New South Wales within the Walcha local government area (postcode 2354). With a population of 2,475, the suburb has a mature demographic with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Walcha is $1.6 million, having surged 273.5% over the past year. Units have a median price of $175,000 (+29.6% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,083.
Walcha is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 155 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Walcha offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +273.5% year-on-year.
Walcha is a smaller suburb in New South Wales within the Walcha local government area (postcode 2354). With a population of 2,475, the suburb has a mature demographic with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Walcha is $1.6 million, having surged 273.5% over the past year. Units have a median price of $175,000 (+29.6% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,083.
Walcha is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 155 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Walcha offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +273.5% year-on-year.