Wallabadah is a small, quiet locality in New South Wales within the Liverpool Plains local government area (postcode 2343). It is home to about 382 residents, with a more retirement-aged population and a median age of 56. Households earn a median income of $55K 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 -0.1% 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, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallabadah is $520,000, having surged by 31.6% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,094.
Wallabadah is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Liverpool Plains LGA is below average at 3,913 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($520K/$1.5M), which can point to relative value. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +31.6% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.