Wallangra is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 93, the suburb has an established demographic with a median age of 42. Households earn a median income of $59K per year, with an average household size of 3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Wallangra is $200,000, having dropped significantly 42.9% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $1,000.
Public transport access includes 8 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wallangra offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($200K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -42.9% year-on-year.
Wallangra is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 93, the suburb has an established demographic with a median age of 42. Households earn a median income of $59K per year, with an average household size of 3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Wallangra is $200,000, having dropped significantly 42.9% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $1,000.
Public transport access includes 8 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wallangra offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($200K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -42.9% year-on-year.