Walgett is a small community in New South Wales within the Walgett local government area (postcode 2832). With a population of 1,824, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, Aboriginal Australian, English.
The median house price in Walgett is $9.4 million, having surged 4053.8% over the past year. Units have a median price of $310,000. The current median weekly rent is $322. This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $970.
Walgett is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 743, which is well below the national average of 1,000. Public transport access includes 64 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Walgett offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($9.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 116.2x is considered stretched. House prices have moved +4053.8% year-on-year.
Walgett is a small community in New South Wales within the Walgett local government area (postcode 2832). With a population of 1,824, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, Aboriginal Australian, English.
The median house price in Walgett is $9.4 million, having surged 4053.8% over the past year. Units have a median price of $310,000. The current median weekly rent is $322. This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $970.
Walgett is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 743, which is well below the national average of 1,000. Public transport access includes 64 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Walgett offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($9.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 116.2x is considered stretched. House prices have moved +4053.8% year-on-year.