Walcha is a smaller residential area in New South Wales within the Walcha local government area (postcode 2354). It is home to about 2,475 residents, with a mature demographic and a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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, labourers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Walcha has a median house price of $565,000, which has jumped by 43.9% year-on-year. The current median weekly rent is $318. This gives a gross rental yield of approximately 2.9%. 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.
On the investment side, Gross rental yield sits at around 2.9% (low yield). Property prices sit below the state median ($565K/$1.5M), which can point to relative value. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +43.9% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.