Walcha Road is a quiet locality in New South Wales within the Walcha local government area (postcode 2354). With a population of 72, the suburb has an older demographic with a median age of 57. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Walcha Road is $700,000, having surged 45.8% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,056.
Public transport access includes 1 rail station, 4 bus stops. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Walcha Road offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +45.8% year-on-year.
Walcha Road is a quiet locality in New South Wales within the Walcha local government area (postcode 2354). With a population of 72, the suburb has an older demographic with a median age of 57. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Walcha Road is $700,000, having surged 45.8% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,056.
Public transport access includes 1 rail station, 4 bus stops. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Walcha Road offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +45.8% year-on-year.