Wallaga Lake is a small community in New South Wales within the Bega Valley local government area (postcode 2546). With a population of 587, the suburb has an older demographic with a median age of 62. Households earn a median income of $48K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallaga Lake is $787,000, having dipped slightly 2.5% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,127.
Public transport access includes 21 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Wallaga Lake offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($787K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.5x is considered stretched. House prices have moved -2.5% year-on-year.
Wallaga Lake is a small community in New South Wales within the Bega Valley local government area (postcode 2546). With a population of 587, the suburb has an older demographic with a median age of 62. Households earn a median income of $48K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallaga Lake is $787,000, having dipped slightly 2.5% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,127.
Public transport access includes 21 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Wallaga Lake offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($787K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.5x is considered stretched. House prices have moved -2.5% year-on-year.