Wallanbah is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 70, the suburb has an older demographic with a median age of 55. Households earn a median income of $56K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallanbah is $922,000, having risen modestly 1.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Wallanbah offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($922K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.4x is considered stretched. House prices have moved +1.8% year-on-year.
Wallanbah is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 70, the suburb has an older demographic with a median age of 55. Households earn a median income of $56K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallanbah is $922,000, having risen modestly 1.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Wallanbah offers a gross rental yield of 3.0%, rated as low yield. Property prices sit below the state median ($922K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.4x is considered stretched. House prices have moved +1.8% year-on-year.