Located in New South Wales within the Mid-Coast local government area, Wallanbah is a small, quiet locality (postcode 2422). It is home to about 70 residents, with an older demographic and a median age of 55. Households earn a median income of $56K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, machinery operators & drivers, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Wallanbah stand at $770,000, having climbed sharply by 60.4% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($770K/$1.5M), which can point to relative value. The price-to-income ratio of 13.7x is considered stretched. House prices have moved +60.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.